Relationship between banker and customer, Business Law and Ethics

Relationship between Banker and Customer

Therefore the relationship between a banker and the customer is a debtor-creditor association that was articulated In the chief case of like Joachimson v Swiss Bank Corporation so and may be such summarised as follows: like;

(i) The account reflects such a credit balance, the banker such is a debtor and that the customer a creditor of the bank.

(ii) The account reflects such a debit balance, a mostly the customer is the debtor so and such the banker a creditor of that the customer.
Furthermore the banker like a debtor is not under various legal obligation to repay the like "loan" so unless and well an effective demand for repayment is made through until the customer also.

Posted Date: 2/2/2013 8:10:03 AM | Location : United States







Related Discussions:- Relationship between banker and customer, Assignment Help, Ask Question on Relationship between banker and customer, Get Answer, Expert's Help, Relationship between banker and customer Discussions

Write discussion on Relationship between banker and customer
Your posts are moderated
Related Questions
Define the Conceptual strength of stages model The stages model has a number of conceptual strengths. First, it emphasizes a process of policy making that cuts across and bridg

Change of Name: A company's name may be changed voluntarily or compulsorily (a)   Voluntary Change A company's name may be changed voluntarily: i. Under s.2.1 if a sp

Types of Agents - Agency Law Although broadly agents are either special or might be general depending on the scope of authority.  Subsequently an agent engaged to carry a task

What is hire purchase?

Disadvantages of Entrepreneurship Development You will be your own boss and the boss of other people and make the decisions that are crucial to the business' success or fa

What are the functions and powers of the Security Council? The functions and powers of the Security Council, which are as follows: • To keep international peace and security

Types and Classification of Law: Rules of law may be classified as like;: For Written For National and International For Public and Private For Substantive

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Nationality of criminal jurisdiction Nationality is the legal concept which provides a link between a State and persons living within that State. It determines the rights and o

Question 1: Arbitration, a form of alternative dispute resolution, is a legal method for the resolution of disputes outside the courts, where the parties to a dispute refer it