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
Q. Evaluate nature of phoenix activity? The literature on phoenix activity and the stakeholders consulted in this project emphasised that phoenix activity has evolved significa

QUESTION 1 (a) According to Thomas Dye "Public Policy is whatever governments choose to do or not to do". How far do you agree? (b) Explain clearly how the first important s

LEGAL LIABILITY FOR LABORATORY ACCIDENTS IN EDUCATIONAL INSTITUTIONS : As mentioned in some of the earlier sections, law is not directly available to decide legal liability for la

Disadvantages of Arbitration First is, Arbitral awards have no precedential value as that they cannot be relied on in subsequent proceedings Second is, Arbitrati

Most executions take place using a lethal injection.  The company that manufactures the drug that is most used has now announced that it is choosing to no longer produce that drug.

Accuracy of the managers certificate: Was it the duty of the auditors to test the accuracy of the manager's certificate by a comparison of the figures in the books, and were t

Question 1: Constructive dismissal is inherently different from dismissal in the sense that it is the employee who necessarily takes the initiative in considering the contract

Sue owns a car that has 150,000 miles on it, but otherwise looks to be in very good condition. She advertises to sell the car and Ken asks her how many miles are on the c

Frank, a student at Anne Arundel Community College, is on his way to class one day. He enjoys his class very much and is looking forward to this particular class on tort law, but d

A Black Firefighter alleges that each time he is transferred from one fire station to another, he must take his bed with him, on orders of the fire chief. The chief defends on the