A customer is a person who has entered into a contract with a bank by opening an account in his name. A contract commences when the offer made by the customer is accepted by the bank. A bank customer complaining about excessive bank charges.
Required:-
Advise the customer on the rights of the bank. Clearly explain. [5 marks]
One of the major environmental factors affecting banks is technology. As a result of e-banking what are the new challenges for:
Bank regulation [5 marks]
Banks [5 marks]
Bank customers

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone