Mico has two accounts with the bank, a business account and a principal account. On 23 January he wrote a cheque for P63,000 on his business account to pay a repair bill. However, he had only P50,500 in the account and had no formal arrangement with the bank to borrow more. He tried to access his other account by a computer 5 days later, only to find that he was denied access. He says the bank is in breach of contract because he pays monthly banking charges on his principal account and they therefore had no right to block his access to it. With respect to BDO Online Account Opening Service ("Service") Terms and Conditions, what recommendation him? can you give

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.3: Equations Involving Decimals And Problem Solving
Problem 65PS
icon
Related questions
Question
Mico has two accounts with
the bank, a business account
and a principal account. On 23
January he wrote a cheque for
P63,000 on his business
account to pay a repair bill.
However, he had only P50,500
in the account and had no
formal arrangement with the
bank to borrow more. He tried
to access his other account by
a computer 5 days later, only to
find that he was denied access.
He says the bank is in breach
of contract because he pays
monthly banking charges on
his principal account and they
therefore had no right to block
his access to it.
With respect to BDO Online
Account Opening Service
("Service") Terms and
Conditions, what
recommendation
him?
can you give
Transcribed Image Text:Mico has two accounts with the bank, a business account and a principal account. On 23 January he wrote a cheque for P63,000 on his business account to pay a repair bill. However, he had only P50,500 in the account and had no formal arrangement with the bank to borrow more. He tried to access his other account by a computer 5 days later, only to find that he was denied access. He says the bank is in breach of contract because he pays monthly banking charges on his principal account and they therefore had no right to block his access to it. With respect to BDO Online Account Opening Service ("Service") Terms and Conditions, what recommendation him? can you give
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning