Mr Singh walks into a bank London and asks for the loan officer.
He says he's going to Europe on business for two weeks and needs to borrow £5000. The bank officer says the bank will need some kind of security for the loan, so Mr Singh hands over the keys to a new Rolls Royce, which costs quarter of a million pounds.
“The car is parked on the street in front of the bank,” says Mr Singh, “and I have all the necessary papers.”
The bank officer agrees to accept the car as collateral for the loan…