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
Partnerships:                A partnership is defined by s.3(1) of the Partnership Act   as "the relation which subsists between persons carrying on a business in common with

Explain International law on sir creek issue The issue concerning Sir Creek is of great importance for both India and Pakistan. The dispute does not concern the division betwee

State the world rate of interest We have assumed that the world rate of interest only falls to equal R 2 . At point B, therefore, the domestic rate of interest is below the wo

Question : a. What are the procedures established under the Employment Rights Act 2008 on the reporting of labour disputes? b. One of the fundamental requirements of a val

Question 1: a) Explain the four principles of effective financial regulations. b) Describe briefly the various regulatory tools used to achieve objectives of financ

Liability Of Members: S.72 (1) provides that in the case of a reduction of share capital a member of the company so there past or present and shall not be liable in respect of

MEANING OF "OPPRESSION":                    The Section does not define the word "oppression" or what constitutes "oppressive conduct".  However, the Cohen Committee's Report

Contents and Form of Accounts - Accounts and audit: By s.149(1), every balance sheet shall give a true and fair view of the state of affairs of the company as at the end of it

Determine the term miscoordination - Policy Formation A problem known as miscoordination in Policy Formation may also emerge and it may be either vertical or horizontal. Let us

Articles of Partnership - Partnership Law However a partnership need not be formed through written agreement, it is accustomed for 'Articles of Partnership' for be drawn up, s