Banking Law and Practice

Contents

Preface

Part 1: Bank-Customer Relationship and Account Opening

Chapter 1: Contractual Relationships in Law and Practice

Introduction

Definition of ‘Customer’

Nature of the Banker-Customer Relationship

Laws and Practice

Mandates

Power of Attorney

Limitation of Actions

Appropriation of Payments

Set-off

Banker’s Lien

Banker’s Duty of Secrecy

Personal Data and Consumer Credit Data

Statement of Account or Passbook

Wrongful Dishonour of Cheques

Exemption Clauses

Summary

Key Terms

Study Guide

Further Reading

Chapter 2: Opening and Conduct of Accounts

Introduction

Opening of an Account

Conduct of Account

Closing of Account

Opening and Conduct of Accounts for Various Customers

Definition of Different Types of Authorities

Anti-Money Laundering and Counter-Terrorist Financing

Summary

Key Terms

Study Guide

Further Reading

Part 2: Banking Operations

Chapter 3: Bills of Exchange and Promissory Notes

Introduction

Negotiable Instruments

Bills of Exchange

Promissory Notes

Summary

Key Terms

Study Guide

Further Reading

Chapter 4: Other Banking Operations

Introduction

Credit Cards

Direct Debiting

Automated Teller Machines

Electronic Funds Transfer at the Point of Sale

Investment Advice

Safe Custody

Other Banking Services

Internet and Phone Banking

Summary

Key Terms

Study Guide

Further Reading

Part 3: Law Relating To Security

Chapter 5: Guarantee

Introduction

What is a Guarantee?

Undue Influence

Guarantees by Minors

Guarantees by Partnerships

Corporate Guarantees

Joint and Several Guarantees ...