• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

UNCITRAL MODEL LAW

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › UNCITRAL MODEL LAW

  • This topic has 1 reply, 2 voices, and was last updated 3 months ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 31, 2022 at 5:48 pm #652438
    Safiya.12345
    • Topics: 42
    • Replies: 54
    • ☆☆

    Kenny logs onto Sophie’s bank account using Sophie’s password and without her permission. He transfers a sum of money to account into his own account. The security systrm used by the bank was commercially reasonable

    Under the UNCITRAL Model Law on International Credit Transfers, which TWO of the following are correct? to whether or not the bank must reimburse Sophie?

    1.It need not reimburse her because it is entitled to assume that Kenny had the password due to her fault

    2.It must remburse her if she can establish that the bank did not follow the correct procedure

    3.It must remburse her she signs a declaration that she did not give the password to Kenny

    4. It must remburse her unless it can establish that she gave the password to Kenny

    1&4

    April 1, 2022 at 4:13 pm #652524
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22557
    • ☆☆☆☆☆

    I can see 1 and 4 being reasonable but I think 2 and 4 would be a better choice

    What does the ‘official’ answer say?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • ben920331 on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Viktoriia.Yanchuk on The Statement of Financial Position and Income Statement (part d)
  • John Moffat on The management of receivables – Simple settlement discount – ACCA Financial Management (FM)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy