Case of tournier v national provincial

Assignment Help Finance Basics
Reference no: EM133113675

Mr. Ajirikole who holds a bank account with Bongo Bank Ltd has opened a new account with Stanbic Bank Ltd and is seeking a loan of UGX 20,000,000 to finance a new business. Stanbic Bank approached Bongo Bank Ltd to assess the credit worthiness of Mr Ajirikole. Stanbic Bank was able to learn that Mr Ajirikole has a loan of 30,000,000 that it was having difficulty in servicing and communicated this to the latter, declining the loan application. Mr. Ajirikole argues that Bongo Bank Ltd violated his right to confidentiality and is threaeting to sue. Bongo however argues that the right to confidentiality of customers' information is not absolute.

Required:

With reference to the case of Tournier V National Provincial and Union Bank of England (1924) 1 KB 461, advise the parties.

Reference no: EM133113675

Questions Cloud

Explain the primary objectives of kwetu ltd : Q.1. Kwetu Ltd is a business enterprise located in Kampala city. It is engaged in a highly competitive business of producing and marketing of bottled-mineral wa
Calculate the expected rate of return on stock : You recently purchased a stock that is expected to increase by 19 percent in a booming economy, increase by 12 percent in a normal economy, and decrease by 18 p
What are the effective annual interest rates : What are the effective annual interest rates of each if you were to decline the discount, and which deems to be the most desirable option?
Value of the interest tax shield : Your firm is considering issuing? one-year debt, and has come up with the following estimates of the value of the interest tax shield and the probability of dis
Case of tournier v national provincial : With reference to the case of Tournier V National Provincial and Union Bank of England (1924) 1 KB 461, advise the parties.
Npv of a proposed pharmaceutical investment : Suppose ACI has asked you to calculate the NPV of a proposed Pharmaceutical investment. We expect that the cash flows over the four year life of the project wil
Types of aviation insurance policy : Explain which types of Aviation Insurance Policy is applicable in this case.
Increase in police violence : Discuss factors that contribute to this issue and identify solutions that the community can put in place to affirm that Black lives matter.
Conducting foreign exchange risk management : Show the institutional practices and concerns of conducting foreign exchange risk management

Reviews

Write a Review

Finance Basics Questions & Answers

  Preparing section for the training document

Butler just came back from his meeting with the training coordinator. They now want to include some additional items in the upcoming training session.

  Calculate the items requested

Based on the data provided here, calculate the items requested:

  What is the value of a risk-free bond

Assume the risk-free rate is 5 percent per year, compounded continuously. What is the value of a risk-free bond with the same face value and maturity as the company's bond?

  Cash flows statements types of activities vertical analysis

cash flows statements types of activities vertical analysis of statements price earnings ratio and basic accounting

  What is the equivalent annual cost

The relevant tax rate is 34 percent. All cash flows occur at the end of the year. What is the equivalent annual cost (EAC) of this equipment?

  Should the firm undertake the healthy bottled water project

Should the firm undertake the healthy bottled water project? As pasrt of your analysis include a sensitivity analysis for sales price, variable costs, fixed costs, and unit sales at +/- 10%, 20%, and 30% from the base case. Also perform an anaylsi..

  Estimate value for the subject distribution facility

Using a "going-in" or direct capitalization rate approach to value, how would you estimate value for the subject distribution facility?

  Find the annual payment required on the loan will be

Potter Corporation is contemplating the purchase of a new piece of equipment with a purchase price of $500,000. It plans to make a 10% down payment.

  What is the bottleneck station

A serial line (each station follows the other in a line flow pattern) consists of 5 stations. They have processing rates, in order from beginning to end, of 20,

  Find the costs of the individual capital components compute

cash2000000accounts payable and accruals18000000accounts receivable28000000notes

  Use nonverbal communication in the workplace

Why do we use nonverbal communication in the workplace and what are the benefits?

  What is the npv of accepting the lockbox agreement

Your firm has an average receipt size of $130. A bank has approached you concerning a lockbox service that will decrease your total collection time by two days.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd