Banker-Customer Relationship

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

Question

(a) State FOUR characteristics of a negotiable instrument. (4 Marks)

(b) Mr. Eddie is a customer of Perfect Bank Limited. He issued a cheque for the sum of N20,000 to Mr. Jossy. At the time of issuing the cheque, his account was in credit to the tune of N150,000. The cheque was dishonored by the bank. Mr. Eddie wants to sue the bank. You are required to advise Mr. Eddie. (5 Marks)

(d) State the parties to a Bill of Exchange. (3 Marks)

Answer

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Tags: Banker-Customer Relationship, Bill of Exchange, Negotiable Instruments, Revocation, Will
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2011

BL – Nov 2021 – L1 – SA – Q17 – Agency Law

Defining when a banker/customer relationship comes into being.

Question

A banker/customer relationship comes into being only when a person
A. Transacts any business with a bank
B. Has an account in his name in a bank
C. Presents a cheque to a bank for payment
D. Has a contractual relationship of whatever kind with a bank
E. Works for a bank

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker-Customer Relationship, Banking Law
Level: Level 1

Topic: Agency Law
Series: NOV 2021

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

Question

(a) State FOUR characteristics of a negotiable instrument. (4 Marks)

(d) State the parties to a Bill of Exchange. (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker-Customer Relationship, Bill of Exchange, Negotiable Instruments, Revocation, Will
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2011

BL – Nov 2021 – L1 – SA – Q17 – Agency Law

Defining when a banker/customer relationship comes into being.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker-Customer Relationship, Banking Law
Level: Level 1

Topic: Agency Law
Series: NOV 2021

Question Tag: Banker-Customer Relationship

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BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

BL – Nov 2021 – L1 – SA – Q17 – Agency Law

Defining when a banker/customer relationship comes into being.

BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

BL – Nov 2021 – L1 – SA – Q17 – Agency Law

Defining when a banker/customer relationship comes into being.

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BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

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BL – Nov 2021 – L1 – SA – Q17 – Agency Law

Defining when a banker/customer relationship comes into being.

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BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments

Understanding the characteristics of negotiable instruments, banker's duties, revocation of wills, and parties to a bill of exchange.

You're reporting an error for "BL – Nov 2011 – L1 – SB – Q6 – Negotiable Instruments"

BL – Nov 2021 – L1 – SA – Q17 – Agency Law

Defining when a banker/customer relationship comes into being.

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