Banker and customer relationship

Created by: lawliv
Created on: 29-05-17 16:07

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1. Disclosure orders were granted to the police when a company employee was accused of misappropriating company funds. (8, 1, 11)
4. Military office paid erroneously for 5 years. The erroneous entries amount to representations. Would be prejudicial to the customer to allow the bank to recover the amounts of mistaken payments. (7, 1, 9)
7. To place the bank under a duty of care to the borrower regarding the viability of a business transaction, the borrower must make it clear to the bank that its advice is being sought. (6, 4, 1, 4)

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2. 'Refer to drawer' was capable of a defamatory meaning. (4, 1, 8, 4)
3. Customer gave an instruction to countermand a cheque with details of the cheque number and payee, but not the account no. The clerk made a note against one account, but not the other. Cheque paid. Countermand was effective, breach of duty. (5, 1, 3)
5. Bank inadvertently disclosed it's customer's mark up, leading to loss of a line of business. Bank ordered to pay for the lost profit that the customer could prove had resulted. (7, 1, 3)
6. In the context of a business customer, there is a presumption in the favour of the customer that he will suffer loss of reputation. (5, 1, 7)

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mcpherson1031dst

Report Thu 22nd September, 2022 @ 11:18

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Banker and customer relationship

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