richRoam

richRoam

Blog imparts knowledge of Banking & Finance

Wednesday, February 22, 2023

Laws

February 22, 2023 0
The relationship between a customer and banker is that of debtor and creditor which is contractual in nature. The contract law is applicable and affects the circumstantial and business relationship between the two. Banker honors the cheques drawn by the customer on his account. Cheque is a bill of exchange by definition and function, therefore the law of negotiable...