Relationship Between Banker And Customer

1210 Words Sep 30th, 2016 5 Pages
BANKING LAW

RELATIONSHIP BETWEEN BANKER AND CUSTOMER

SUBMITTED BY : SARTHAK CHILLER (A11911113165) B.A. LLB (H), SECTION-C

ACKNOWLEDGEMENT

It gives me immense pleasure to express my heartfelt gratitude to my Banking Law Teacher Dr. Bhupendra Gautamfor his valuable guidance and support in preparing this project.
Secondly, I would also like to thank my parents and peers for their continuous support and guidance for successful completion of my project.

Relationship Between Banker and Customer

The relationship amongst Banker and Customer is primarily that of an account holder and loan boss. In any case, they likewise share different connections. A portion of the critical connections they share are portrayed underneath.

The Banker Customer relationship is that of a:

1. Debtor and Creditor,
2. Pledger and Pledgee,
3. Licensor and Licensee,
4. Bailor and Bailee,
5. Hypothecator and Hypothecatee,
6. Trustee and Beneficiary,
7. Agent and Principal,
8. Advisor and Client, and
9. Other miscellaneous relationships

Talked about beneath are imperative Banker Customer connections.

1. Relationship of Debtor and Creditor

At the point when a Customer opens a record with a bank and if the record has a credit parity, then the relationship is that of indebted person (financier/bank) and leaser (Customer).
If there should arise an occurrence of investment funds/settled…
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