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Homework answers / question archive / 1)Read each statement carefully and determine whether the statement is true or false, The student must correct the wrong answer
1)Read each statement carefully and determine whether the statement is true or false, The student must correct the wrong answer.
(Rubrics:( 1) mark each for correct answer, for- 6 statements – Total 6 marks)
1-In the Current account operation the customer is obliged to transfer the ownership of the money to the bank.
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2- International institutions not registered in Oman have a right to participate in international tendering.
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3- The claims of the return of the check holder on the drawor or the drawee or endorsers are outdated after six month from the payment date of check.
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4- If the amount of the bill is determined in letters and in numbers, then the ruling on the difference is the number written in figures.
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5- The check’s drawor is particularly wrong if he doesn't take the reasonable man's attention in keeping his checkbook.
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6- For a lay man , law is a rule of action to which men are obliged to make their conduct conformable , a command enforced by some sanction to act or forbear.
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1 False, the ownership of the money is with the account holder just that bank doesn't give any interest on current bank account.
2 True, Oman allows international insitution to participate and bid in international tendering.
3 False, after 01 april,2012 the time frame is changed to three months for the check to be valid.
4 False, words always prevails number when there is a difference between figures and letters. More preference is given to letters.
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