1,140
8
Essay, 2 pages (350 words)

Case analysis

Advertising We'll write a high-quality original custom paper on Case analysis just for you with a 15% discount for the 1st order Use a Discount Use a Discount

Case Analysis Case Analysis Case Overview Case facts revealed that a bank apparently advertised home loans at lowinterest rates for its account holders for three months. Toward the end of the second month, the bank withdraws the offer. Sam opens an account with the bank because of the offer. He is, however, a little late applying for the loan and the offer is withdrawn before his application is processed. Sam sues the bank. The analysis hereby requires assessing the banks obligation and Sams claim.
Analysis
The case is hereby analyzed initially from the point of view of Sam. If Sam opened the account with the bank for the sole purpose of availing of the home loan, he should have been made aware that applying for a loan does not necessarily indicate that he could immediately be approved just because he has an account with the bank. As stipulated, the home loans at low interest rates were offered for account holders; meaning, those who have had established a historical experience as an account holder for a considerable amount of time could avail of the home loan (but does not guarantee approval). As he was an account holder and assuming he met all the requirements needed to avail of the home loan within the two-month period, his application could still have been processed, as promised and he could follow up with the loan officer the decision on his home loan application. Still, it does not guarantee that his application would be approved.
In this regard, Sam could not sue the bank simply on the premise that the bank withdrew the offer toward the end of the second month, since there could also be valid reasons for this. Taking it from the perspective of the bank, their legal department is sure to have covered all the rules and laws pertinent to making the promotional offer and must have stipulated that they have to option to withdraw the offer for reasons beyond their control (like a bad turn of the economy; stipulations from the government, like what happened with sub-prime mortgage loans; and no account holder qualified to avail of the home loans).

Thanks for voting and helping us improve!
Case analysis. Page 1
Case analysis. Page 2
Case analysis. Page 3

The paper "Case analysis" was contributed to our database by a real student. You can use this work as a reference for your own writing or as a starting point for your research. You must properly cite any portion of this sample before using it.

If this work is your intellectual property and you no longer would like it to appear in our database, please request its deletion.

Ask for Removal

Create a Citation on Essay

References

PaperPrompt. (2022) 'Case analysis'. 31 January.

Reference

PaperPrompt. (2022, January 31). Case analysis. Retrieved from https://paperprompt.com/case-analysis-essay-examples-4/

References

PaperPrompt. 2022. "Case analysis." January 31, 2022. https://paperprompt.com/case-analysis-essay-examples-4/.

1. PaperPrompt. "Case analysis." January 31, 2022. https://paperprompt.com/case-analysis-essay-examples-4/.


Bibliography


PaperPrompt. "Case analysis." January 31, 2022. https://paperprompt.com/case-analysis-essay-examples-4/.

Work Cited

"Case analysis." PaperPrompt, 31 Jan. 2022, paperprompt.com/case-analysis-essay-examples-4/.

Get in Touch with Us

Do you have more ideas on how to improve Case analysis? Please share them with us by writing at the [email protected]