Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
case study on account opening
#1
A Partnership firm having 5 partners , but only 3 partners have visited the Bank for opening the account . These 3 partners have informed the branch that out of these 3 partners , the account will be operated jointly with these 3 partners. Other 2 partners are the sleeping partners , and they are entitled for the benefit only .The account will be opened by :

a) only the 3 partners who are authorized to operate the account

b) The account cannot be opened unless the account opening form is signed by all the partners

c) Account can be opened with the 3 partners , but withdrawals will be allowed only after getting the signatures of the remaining 2 sleeping partners.

d) Only letter from the sleeping partners authorizing the 3 partners can be accepted

e) None of the above statement is correct
Reply
#2
(04-14-2015, 10:28 PM)admin Wrote: A Partnership firm having 5 partners , but only 3 partners have visited the Bank for opening the account . These 3 partners have informed the branch that out of these 3 partners , the account will be operated jointly with these 3 partners. Other 2 partners are the sleeping partners , and they are entitled for the benefit only .The account will be opened by :

a) only the 3 partners who are authorized to operate the account

b) The account cannot be opened unless the account opening form is signed by all the partners

c) Account can be opened with the 3 partners , but withdrawals will be allowed only after getting the signatures of the remaining 2 sleeping partners.

d) Only letter from the sleeping partners authorizing the 3 partners can be accepted

e) None of the above statement is correct
Reply
#3
option a
Reply
#4
(04-20-2015, 09:11 AM)halialtaf Wrote:
(04-14-2015, 10:28 PM)admin Wrote: A Partnership firm having 5 partners , but only 3 partners have visited the Bank for opening the account . These 3 partners have informed the branch that out of these 3 partners , the account will be operated jointly with these 3 partners. Other 2 partners are the sleeping partners , and they are entitled for the benefit only .The account will be opened by :

a) only the 3 partners who are authorized to operate the account

b) The account cannot be opened unless the account opening form is signed by all the partners

c) Account can be opened with the 3 partners , but withdrawals will be allowed only after getting the signatures of the remaining 2 sleeping partners.

d) Only letter from the sleeping partners authorizing the 3 partners can be accepted

e) None of the above statement is correct
Reply




Users browsing this thread: 1 Guest(s)