Annotated Bibliography Example | Topics and Well Written Essays - 250 words - 6

Annotated Bibliography Example To this end, the author contends that legal sanctions that have been described have not been deterent enough to wage offenders from it. Unlike Rooy (2004) who sees civil liability as the best offence to dishonor of checks, Muntingh prefers a criminal liability. Rooy (2004) has been a practicing international banker for several years. He also doubles as a criminologist. In writing this article therefore, he reviewed some of the international approaches that have been put in place to reduce various crimes associated with financial fraud. In the opinion of the author, a major breakthrough came for international trade when documentary credits were introduced. Unlike Muntingh (2007), Rooy sees the civil liability that has been associated with various forms of trade frauds including the dishonor of checks as highly suitable for the prescribed offences. The author has been a practicing security expert for several years and have had several approved articles published in international journals including the present one. In the current article, the author embraces the documentary credit as a breakthrough for ensuring security with international payment. The reason is that it limits the rate at which traders would have to carry physical cash in the transaction of trade. But in order that the advantages of documentary credit be enjoyed to the maximum, the author, unlike Rooy (2004) assets that there should be the introduction of criminal liabilities all across regions that see checks as Bills of Exchange. Muntingh, J. A. (2007). The Fraud Exception in the Context of Documentary Credits: A Comparative Study of the Remedies in Various Jurisdictions. LL.M dissertation, Journal de Stellenbosch University, ProQuest, 4 (3), 43 -