Guarantees – Knowsia

LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees

Define undue influence, explain conditions for successful claims on guarantees due to undue influence, and how banks can overcome it.

Question

(a) What is undue influence?

(b) Explain the conditions under which a claim of undue influence on guarantees provided by a bank on behalf of a customer can succeed

(c) How can a bank overcome undue influence under Question 4(b)?

Answer

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Tags: Banking Security, Claims on Guarantees, Guarantees, Overcoming Undue Influence, Undue Influence
Level: Level 2

Topic: Legal implications of different types of security
Series: JULY 2020

CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors

Distinguish letter of comfort from indemnity and describe factors for taking assets as security.

Question

a) Distinguish between a letter of comfort and an indemnity. [10 marks]

b) Describe the factors a bank must consider when taking an asset as a security. [10 marks]

[Total marks:20]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Security, Factors, Guarantees, Indemnity, Letter of Comfort
Level: Level 4

Topic: Secured Finance and Guarantees in the International context
Series: OCT 2022

EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security

Explain four advantages of using guarantees as security.

Question

State and explain any four advantages with the use of guarantees as security.

(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, collateral, Ghana Banking, Guarantees, lending, Security
Level: Level 1

Topic: Lending
Series: APR 2023

POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities

Discuss five key clauses typically found in a security charge form for corporate securities in banking practice.

Question

Discuss five (5) clauses that you would find in a security charge form for corporate securities.

[Total: 20 marks]

Answer

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Tags: Banking Advances, Clauses, Corporate Securities, Debentures, Ghanaian Law, Guarantees, Security Charge Form
Level: Level 3

Topic: Corporate Lending
Series: APR 2024

POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors

Scenario where a customer's overdrawn account requires a guarantee from a friend/business associate who sees it as a formality and owes the principal debtor money; how to handle the situation and meeting actions, and if different if the guarantor is not a company director.

Question

Your Private Banking customer, Reginald Tageo’s account is overdrawn GHS4,000,00 and you have called on him to provide security. He telephoned last Friday and told you he can only provide a guarantee from his friend and a business associate Kofi Darko who is a customer known to you, will visit your branch to meet with you in this regard. Kofi Darko is a Director in the KofDarko Building & Civil Engineering Works Ltd which has an account with your KofOrndua Branch.

This afternoon, Kofi Darko indeed called to seek an appointment to enable him visit your office to discuss the guarantee, and indicated that when Reginald Tageo requested him to sign a guarantee as security for his indebtedness, he had sign a reservations, but has come to learn that it is a formality and he is happy to sign for the sake of their friendship.

He added that he owes Reginald Tageo GHS5,000,000,00 in respect of some subcontracted works he has recently completed.
a) How will you handle this situation and what action will you take during your meeting with him?

b) Would your answer be the same if Kofi Darko had not been a director in a limited liability company?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker Duties, Confidentiality, Debt Set-Off, Director Liability, Friendship Guarantees, Guarantees, Independent Advice, Misapprehension, Regulatory Compliance, Securities
Level: Level 3

Topic: Securities Acceptable to Bankers
Series: APRIL 2016

BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets

Explanation of loan covenants, reasons and benefits for share repurchase, and features of a finance lease arrangement.

Question

(a) For many loan agreements, the borrower is required to provide undertakings or guarantees of some kind.
Distinguish between covenants and guarantees. (5 Marks)

(b) State THREE reasons why a company will repurchase its shares and THREE benefits that will accrue to the company for doing so. (6 Marks)

(c) Companies can acquire assets with finance lease instead of buying assets with equity or debt capital.
State SIX main features of a finance lease arrangement. (9 Marks)

(Total 20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate finance, Finance lease, Guarantees, Loan Covenants, Share repurchase
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees

Define undue influence, explain conditions for successful claims on guarantees due to undue influence, and how banks can overcome it.

Question

(a) What is undue influence?

(b) Explain the conditions under which a claim of undue influence on guarantees provided by a bank on behalf of a customer can succeed

(c) How can a bank overcome undue influence under Question 4(b)?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Security, Claims on Guarantees, Guarantees, Overcoming Undue Influence, Undue Influence
Level: Level 2

Topic: Legal implications of different types of security
Series: JULY 2020

CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors

Distinguish letter of comfort from indemnity and describe factors for taking assets as security.

Question

a) Distinguish between a letter of comfort and an indemnity. [10 marks]

b) Describe the factors a bank must consider when taking an asset as a security. [10 marks]

[Total marks:20]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Security, Factors, Guarantees, Indemnity, Letter of Comfort
Level: Level 4

Topic: Secured Finance and Guarantees in the International context
Series: OCT 2022

EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security

Explain four advantages of using guarantees as security.

Question

State and explain any four advantages with the use of guarantees as security.

(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, collateral, Ghana Banking, Guarantees, lending, Security
Level: Level 1

Topic: Lending
Series: APR 2023

POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities

Discuss five key clauses typically found in a security charge form for corporate securities in banking practice.

Question

Discuss five (5) clauses that you would find in a security charge form for corporate securities.

[Total: 20 marks]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Advances, Clauses, Corporate Securities, Debentures, Ghanaian Law, Guarantees, Security Charge Form
Level: Level 3

Topic: Corporate Lending
Series: APR 2024

POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors

Scenario where a customer's overdrawn account requires a guarantee from a friend/business associate who sees it as a formality and owes the principal debtor money; how to handle the situation and meeting actions, and if different if the guarantor is not a company director.

Question

b) Would your answer be the same if Kofi Darko had not been a director in a limited liability company?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker Duties, Confidentiality, Debt Set-Off, Director Liability, Friendship Guarantees, Guarantees, Independent Advice, Misapprehension, Regulatory Compliance, Securities
Level: Level 3

Topic: Securities Acceptable to Bankers
Series: APRIL 2016

BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets

Explanation of loan covenants, reasons and benefits for share repurchase, and features of a finance lease arrangement.

Question

(a) For many loan agreements, the borrower is required to provide undertakings or guarantees of some kind.
Distinguish between covenants and guarantees. (5 Marks)

(b) State THREE reasons why a company will repurchase its shares and THREE benefits that will accrue to the company for doing so. (6 Marks)

(c) Companies can acquire assets with finance lease instead of buying assets with equity or debt capital.
State SIX main features of a finance lease arrangement. (9 Marks)

(Total 20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate finance, Finance lease, Guarantees, Loan Covenants, Share repurchase
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

Question Tag: Guarantees

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LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees

Define undue influence, explain conditions for successful claims on guarantees due to undue influence, and how banks can overcome it.

CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors

Distinguish letter of comfort from indemnity and describe factors for taking assets as security.

EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security

Explain four advantages of using guarantees as security.

POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities

Discuss five key clauses typically found in a security charge form for corporate securities in banking practice.

POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors

Scenario where a customer's overdrawn account requires a guarantee from a friend/business associate who sees it as a formality and owes the principal debtor money; how to handle the situation and meeting actions, and if different if the guarantor is not a company director.

BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets

Explanation of loan covenants, reasons and benefits for share repurchase, and features of a finance lease arrangement.

LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees

Define undue influence, explain conditions for successful claims on guarantees due to undue influence, and how banks can overcome it.

CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors

Distinguish letter of comfort from indemnity and describe factors for taking assets as security.

EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security

Explain four advantages of using guarantees as security.

POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities

Discuss five key clauses typically found in a security charge form for corporate securities in banking practice.

POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors

Scenario where a customer's overdrawn account requires a guarantee from a friend/business associate who sees it as a formality and owes the principal debtor money; how to handle the situation and meeting actions, and if different if the guarantor is not a company director.

BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets

Explanation of loan covenants, reasons and benefits for share repurchase, and features of a finance lease arrangement.

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LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees

Define undue influence, explain conditions for successful claims on guarantees due to undue influence, and how banks can overcome it.

You're reporting an error for "LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees"

CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors

Distinguish letter of comfort from indemnity and describe factors for taking assets as security.

You're reporting an error for "CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors"

EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security

Explain four advantages of using guarantees as security.

You're reporting an error for "EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security"

POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities

Discuss five key clauses typically found in a security charge form for corporate securities in banking practice.

You're reporting an error for "POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities"

POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors

Scenario where a customer's overdrawn account requires a guarantee from a friend/business associate who sees it as a formality and owes the principal debtor money; how to handle the situation and meeting actions, and if different if the guarantor is not a company director.

You're reporting an error for "POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors"

BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets

Explanation of loan covenants, reasons and benefits for share repurchase, and features of a finance lease arrangement.

You're reporting an error for "BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets"

LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees

Define undue influence, explain conditions for successful claims on guarantees due to undue influence, and how banks can overcome it.

You're reporting an error for "LRB – JUL 2020 – L2 – Q4 – Undue Influence in Guarantees"

CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors

Distinguish letter of comfort from indemnity and describe factors for taking assets as security.

You're reporting an error for "CBLP – OCT 2022 – L4 – Q5 – Letter of Comfort vs Indemnity and Asset Security Factors"

EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security

Explain four advantages of using guarantees as security.

You're reporting an error for "EOB – APR 2023 – L1 – Q2 – Advantages of Guarantees as Security"

POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities

Discuss five key clauses typically found in a security charge form for corporate securities in banking practice.

You're reporting an error for "POB-LAW-AND-PRACTICE – APRIL 2024 – LEVEL III – Q7 – Clauses in Security Charge Form for Corporate Securities"

POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors

Scenario where a customer's overdrawn account requires a guarantee from a friend/business associate who sees it as a formality and owes the principal debtor money; how to handle the situation and meeting actions, and if different if the guarantor is not a company director.

You're reporting an error for "POB-LAW-APR-2016-L3-Q7-Guarantees and Handling Prospective Guarantors"

BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets

Explanation of loan covenants, reasons and benefits for share repurchase, and features of a finance lease arrangement.

You're reporting an error for "BMF – Nov 2020 – L1 – SB – Q6 – Basics of Business Finance and Financial Markets"

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