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Ashorn Ashorn
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6 years ago
Can the chartered banks require security for loans outside section 427 of the federal Bank Act?
a. Yes they can, namely, guarantees by third party.
b. No, they can only require security for those types of security listed in the Act.
c. Yes, they can, namely, pledge of shares and bonds.
d. Yes, they can, namely, assignment of book debts.
e. Yes, they can, namely, warehouse receipts and order bills of lading.
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The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
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AlexStanfordAlexStanford
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Ashorn Author
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6 years ago
Thanks!
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