Week 6

Question 1

Jurisdiction

Answer 1

where do I go to court

Question 2

Financial leasing

Answer 2

Someone can buy a car for himself and lease it so i can use it.

Lessor has the strongest security right: the ownership of the leased good

Lessee carries the economic risk

Question 3

Leveraged leasing

Answer 3

Manufacturer leases the car, but needs a funding side

Strongest position - lessor (ownership and less risk)
Lessee gets the possesion and user rights, does not usually know who the actual owner is

Question 4

Operational lease

Answer 4

Lessor also covers some maintenance cost, lessor has the risk

The lessor will never recover its investment from the lessee

Question 5

Financial lease (rental agreement)

Answer 5

Lessee carries the risk

Question 6

GDPR

Answer 6

The protection of natural persons

If im a director, bank requiers ownership - in the documents will be my name, its the effect of GDPR. Even in B2B

Question 7

GDPR Exclusions

Answer 7

Personal data processed by a natural person in the course of a purely personal activity

Personal data to competent authorities is excluded from GDPR

Question 8

GDPR area

Answer 8

As long as data is processed within context of EU - GDPR can be applied

Question 9

Personal data

Answer 9

as long as its able to identify the person in the end

Question 10

Controller and processor

Answer 10

Controller - sets the goal for processing (bank)

The processor - actually collects the data

Question 11

Data minimization

Answer 11

only necessary data must be processed

Question 12

Principles applicable to processing of personal data

Answer 12

• Data has to be accurate and up to date.
• Must be kept in data base as long as necessary.
• Data can only be accessed only by people that need it
• Data can be processed only with consent

Question 13

When the company can process your data?

Answer 13

1. The consent must be actively given.
   - Even if consent accpted once, you can always withdraw it the min after
2. Processing is necessary for the performance of a task carried out in the public interest
3. Processing is necessary for the execution of a certain task

Question 14

Right to object

Answer 14

You can’t know the algorithm of processing your data.

But you can ask for info in the analysis

Question 15

Legitemate interest to process data

Answer 15

even if you don’t consent to give your data but its needed for fraud detection - can be processed