OUR CLASSIFICATION AND DIVISION ESSAY Example | Topics and Well Written Essays - 750 words

OUR CLASSIFICATION AND DIVISION - Essay Example ustomer, who opts to purchase a product because it is the best one to be found from the perspective of price or value and because they have had positive experiences with it. The third category is the neutral customer, who has had a mixture of negative and positive experiences with products and comes forward to purchase a product somewhat reluctantly, prepared for a negative experience. The fourth category is the tolerating customer. This customer does not enjoy a product or service but only buys it out of necessity, hence they rarely talk positively about the product. The last category is the critical customer, who has mostly had so many negative experiences with products or services that s/he tries to sabotage the business by spreading negative feedback about products and services. While all churchgoers purportedly are religious, there is a wide range of difference in the manner in which they express their religious beliefs and they may be divided into four primary categories. One category is the evangelistic church goer, who is so involved with religion that s/he insists on trying to convert everyone else. This person attends church with a fanatical devotion and works hard to persuade or push others into religion and church as well. The next category of church goer is the Sunday churchgoer, who turns up at church regularly on Sundays but does not venture anywhere near church the rest of the week. A third group is the big occasion churchgoer, or in other words, those who go to church only during Christmas or easter. Another category is the sporadic churchgoer, who is irregular and attends church sporadically. The last category is the rare church goer who only attends church once in a blue moon. A first date could initially be divided into two main categories, i.e, the rookie and the experienced person on a first date. The rookie is generally a teenager who is experiencing the very first date of his or her life and in rare instances, it may also be an adult

Law Essay Example | Topics and Well Written Essays - 1000 words - 1

Law - Essay Example However it was soon realized that the current definition was not adequate and hence required to be redefined to include a broader perspective. Accordingly various additional set of activities were included to broaden the scope of the term. According to section 11 of the Banking Act, certain activities included in the definition applied only to individuals and / or corporations, and any non-corporation which is not defined under this section, is forbidden to carry out â€Å"any banking business†. Similarly under section 8, non-ADI corporations are forbidden from carrying out â€Å"any banking business† (Comlaw, 2011). There is an ambiguity over the term â€Å"any banking business†. The sections 7 and 8 of the banking act prohibit the execution of 'any banking business' although there is no clear consensus regarding the term. There are serious doubts regarding what can possibly be considered as "any banking business". According to the section 5, banking business in cludes acceptance of funds from the public AND making loans to them, but whether a business which is involved in only accepting deposits but not make any loans, is considered as 'banking business' and vice versa, is questionable (Weaver et al, 2003). In Commissioners of the State Savings Bank of Victoria v Permewan, Wright & Co. Ltd, Issacs J, stated that the "essential characteristics of the business of banking may be described as the collection of money by receiving deposits upon loan, repayable when and as expressly or impliedly agreed upon, and the utilization of the money so collected by lending it again, in such sums as are required (Guest, Chalmers, 2005, 11). In United Dominions Trust Ltd v Kirkwood [1966] 2 QB 431 at 445ff, Lord Denning stated that, the times have changed drastically, ever since the definition of banking put forward by Issac, and newer instruments of payment are now added and used as acceptable modes of payment. This includes the use of cheques - crossed as well as uncrossed, and hence the same must also be included within the definition of banking (Gillies, 2004, 780). The Privy Council, in Bank of Chettinad Ltd v Colombo v Income Tax Commissioners, Colombo [1948] A.C. 378, accepted the following definition of banking: "a company which carries on as its principal business, the accepting of deposits of money on current account or otherwise, subject to withdrawal by cheque, draft or order (Brindle, Cox and Coleman, 2004, 426). The definition of 'business of banking' discussed so far, are inadequate on two grounds: firstly, there is significant ambiguity over the term "any business" used in the definitions and secondly, not all modes of payments are appropriately covered under the definitions. Thus on account of these two reasons, defining what comprises of 'the business of banking' becomes a daunting task. 2. The two key duties imposed on customers in accordance with MacMillan and Greenwood rule under the Australian law include (Hockin g, Smith, 1999, 156): (i) The duty to exercise adequate care while drawing cheques so as to prevent misleading the bank or to encourage forgery – (the MacMillan duty) and (ii) The duty to inform the bank if any cheques allegedly signed by the customers are forged (the Greenwood duty) The first duty was laid down in the London Joint Stock Bank Ltd. v Macmillan case while the second was laid down in the Greenwood v Martins Bank Ltd., case (Kelly & Holmes, 1997,