Relationship between banker and customer, Business Law and Ethics

Assignment Help:

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.


Related Discussions:- Relationship between banker and customer

Declaration of solvency, DECLARATION OF SOLVENCY:                     ...

DECLARATION OF SOLVENCY:                                       A voluntary winding up is a members' voluntary winding up only if the directors make and deliver to the regist

Judicial control - subsidiary legislation, Judicial Control: Conversel...

Judicial Control: Conversely the courts can declare any law made as subsidiary legislation to be invalid or unacceptable under the ultra vires doctrine. Thus the law may be de

Trading arrangements, Trading arrangements: From this statement, it ca...

Trading arrangements: From this statement, it can be inferred that, if a court held that a company acted in a particular instance as an agent of its holding company, the veil

Allotment of shares, ALLOTMENT OF SHARES: An allotment, legally, is th...

ALLOTMENT OF SHARES: An allotment, legally, is the company's acceptance of an offer to buy its shares. Thus we can say it is governed by the following rules of the common law

Several rules for fraudulent trading, Several rules for Fraudulent trading:...

Several rules for Fraudulent trading: Various rules have been established to determine what is fraudulent trading: (a) Only persons who take the decision to carry on the co

Communication law, As a soon-to-be media practitioner, you will encounter m...

As a soon-to-be media practitioner, you will encounter many legal issues in the media industry. In this assignment, you are required to examine one main legal issue that media prac

incorporation, Incorporation  Osborne's "Concise Law Dictionary" defi...

Incorporation  Osborne's "Concise Law Dictionary" defines incorporation as a "merging together to form a single whole; conferring legal personality upon an association of indi

What is the major issue concerning the international law, What is the major...

What is the major issue concerning the international law The major issue concerning the international law is its implementation within the domestic system. A State can enforce

Fair work ombudsman options, Q. Fair Work Ombudsman options? The follow...

Q. Fair Work Ombudsman options? The following are a range of potential options for the FWO to mitigate phoenix activity. These options recognise that the FWO does not currently

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd