Posted: November 29th, 2014

Banking Law D7

Banking Law D7

Order Description

From a legal point of view, the provision by a bank of an overdraft facility (i.e., current account financing) and their agreement to extend a term loan both amount to the making of a ‘bank loan’ to its customer.

– What elements do these two types of loan financing have in common? and
– In what ways do they differ?
– What difference (if any) does it make to each element whether the customer is a business or a private (‘consumer’) customer?

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