Depository facilities shall be at the sole risk of customer

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Reference no: EM131291834

A company made a deposit at its bank by using the night depository box. the company's account was not credited, and the bank denied any responsibility since the company's representative had signed an agreement providing that the use of the night depository facilities shall be at the sole risk of the customer. is this clause valid? explain?

Reference no: EM131291834

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