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For Each of the Following Questions That Might Appear on an Application

question 13

Essay

For each of the following questions that might appear on an application form, identify them as either (A) appropriate or (B) inappropriate, from a legal perspective.
a.Appropriate
b.Inappropriate
-Please provide the name, address, and telephone number of someone who should be contacted in case of an emergency.


Definitions:

Overdrafts

A financial situation where an individual withdraws or spends more money than is available in their account, leading to a negative balance.

Account-Holder

An individual or entity that owns an account in a bank or similar financial institution.

Online Payment Systems

Digital platforms that facilitate the transfer of money between buyers and sellers over the internet.

Electronic Fund Transfer

is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions.

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