Question Tag: Banking Law
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500
+ past questions and counting.
- 20 Marks
PBL – APR 2024 – L1 – Q6 – Bank Duties to Customers and Secrecy Limitations
Discuss bank duties to customers and limitations on secrecy duty.
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- Tags: Banker-Customer Relationship, Banking Law, Confidentiality, Duties, Secrecy Exceptions
- Level: Level 1
- Topic: Conflicts of Law
- Series: APR 2024
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- 1 Marks
BL – May 2012 – L1 – SA – Q7 – Negotiable Instruments
Identifying conditions under which a bank may be excused from paying a customer's cheque.
Question
A bank may be excused from the obligation to pay a customer’s cheque EXCEPT when:
A. There is an unsigned alteration on the cheque
B. The cheque is stale
C. The drawer’s death comes to the notice of the bank
D. The bank does not have enough cash
E. There is an effective countermand
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- Tags: Banking Law, Business Law, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: MAY 2012
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- 1 Marks
BL – Nov 2011 – L1 – SA – Q10 – Law Relating to Banking
Identifying the apex bank in Nigeria that issues monetary policy circulars.
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- Tags: Banking Law, Central Bank, Monetary Policy
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2011
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- 1 Marks
BL – Nov 2011 – L1 – SA – Q7 – Law Relating to Banking
Identify the threshold at which a financial institution must report to the EFCC.
Question
A financial institution has the duty to report to the Economic and Financial Crimes Commission (EFCC) within seven days of lodgement by an individual of an amount exceeding:
A. N100,000,000
B. N10,000,000
C. N5,000,000
D. N2,500,000
E. N1,000,000
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, EFCC Reporting, Financial Institution
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2011
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- 1 Marks
BL – May 2013 – L1 – SA – Q10 – Law Relating to Banking
This question tests the number of days required for a financial institution to report large transfers to the EFCC.
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- Tags: Banking Law, EFCC, Financial Transactions
- Level: Level 1
- Topic: Law Relating to Banking
- Series: MAY 2013
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- 15 Marks
BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments
Discussing characteristics of negotiable instruments and banker duties.
Question
a. “A Negotiable Instrument must express clarity in the instruction on the instrument without any ambiguity”. Explain TWO characteristics of a Negotiable Instrument. (4 Marks)
b. The relationship between the banker and his customer is said to be the relationship between a debtor and a creditor. You are required to state FIVE duties of a banker to its customer. (5 Marks)
c. A testator that has made a Will can only revoke it under certain circumstances. Explain THREE ways by which a Will may be revoked. (6 Marks)
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- Tags: Banking Law, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: MAY 2014
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- 1 Marks
BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments
Question on identifying the person in whose favour a Bill is drawn.
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- Tags: Banking Law, Bills of Exchange, Holder, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: NOV 2013
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- 1 Marks
BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking
Question about the body responsible for regulating monetary policy in Nigeria.
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- Tags: Banking Law, Monetary Policy, Nigerian Economy, Regulation
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2013
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- 1 Marks
BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments
Identifies the feature that makes a cheque generally crossed.
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- Tags: Banking Law, Cheques, General Crossing, Multiple Choice
- Level: Level 1
- Topic: Negotiable Instruments
- Series: NOV 2013
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- 20 Marks
PBL – APR 2024 – L1 – Q6 – Bank Duties to Customers and Secrecy Limitations
Discuss bank duties to customers and limitations on secrecy duty.
Find Related Questions by Tags, levels, etc.
- Tags: Banker-Customer Relationship, Banking Law, Confidentiality, Duties, Secrecy Exceptions
- Level: Level 1
- Topic: Conflicts of Law
- Series: APR 2024
Report an error
- 1 Marks
BL – May 2012 – L1 – SA – Q7 – Negotiable Instruments
Identifying conditions under which a bank may be excused from paying a customer's cheque.
Question
A bank may be excused from the obligation to pay a customer’s cheque EXCEPT when:
A. There is an unsigned alteration on the cheque
B. The cheque is stale
C. The drawer’s death comes to the notice of the bank
D. The bank does not have enough cash
E. There is an effective countermand
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Business Law, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: MAY 2012
Report an error
- 1 Marks
BL – Nov 2011 – L1 – SA – Q10 – Law Relating to Banking
Identifying the apex bank in Nigeria that issues monetary policy circulars.
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Central Bank, Monetary Policy
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2011
Report an error
- 1 Marks
BL – Nov 2011 – L1 – SA – Q7 – Law Relating to Banking
Identify the threshold at which a financial institution must report to the EFCC.
Question
A financial institution has the duty to report to the Economic and Financial Crimes Commission (EFCC) within seven days of lodgement by an individual of an amount exceeding:
A. N100,000,000
B. N10,000,000
C. N5,000,000
D. N2,500,000
E. N1,000,000
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, EFCC Reporting, Financial Institution
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2011
Report an error
- 1 Marks
BL – May 2013 – L1 – SA – Q10 – Law Relating to Banking
This question tests the number of days required for a financial institution to report large transfers to the EFCC.
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, EFCC, Financial Transactions
- Level: Level 1
- Topic: Law Relating to Banking
- Series: MAY 2013
Report an error
- 15 Marks
BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments
Discussing characteristics of negotiable instruments and banker duties.
Question
a. “A Negotiable Instrument must express clarity in the instruction on the instrument without any ambiguity”. Explain TWO characteristics of a Negotiable Instrument. (4 Marks)
b. The relationship between the banker and his customer is said to be the relationship between a debtor and a creditor. You are required to state FIVE duties of a banker to its customer. (5 Marks)
c. A testator that has made a Will can only revoke it under certain circumstances. Explain THREE ways by which a Will may be revoked. (6 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: MAY 2014
Report an error
- 1 Marks
BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments
Question on identifying the person in whose favour a Bill is drawn.
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Bills of Exchange, Holder, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: NOV 2013
Report an error
- 1 Marks
BL – Nov 2013 – L1 – SA – Q17 – Law Relating to Banking
Question about the body responsible for regulating monetary policy in Nigeria.
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Monetary Policy, Nigerian Economy, Regulation
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2013
Report an error
- 1 Marks
BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments
Identifies the feature that makes a cheque generally crossed.
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Cheques, General Crossing, Multiple Choice
- Level: Level 1
- Topic: Negotiable Instruments
- Series: NOV 2013
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