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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A bank employee knowingly accepts a private commission connected with approval of the bank's credit accommodation. The employee argues that Section 55.1 applies only to directors. What is correct?

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The provision expressly includes bank employees as well as directors, officers, and agents. Only the borrower can violate any rule. The employee is necessarily outside the provision. Only persons with a majority vote are covered.

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