- 20 Marks
EOB – APR 2023 – L1 – Q5 – Customer Duties and Bank-Customer Relationships
State four customer duties; explain agent/principal, bailee/bailor, mortgagee/mortgagor relationships.
Question
a. State any four duties a customer owes to its bankers. (5 marks)
b. Explain the following relationships that exist between a bank and its customers.
i. Agent/Principal relationship
ii. Bailee/Bailor relationship
iii. Mortgagee/Mortgagor relationship (15 marks)
(Total: 20 marks)
Find Related Questions by Tags, levels, etc.
- Tags: agent-principal, bailee-bailor, Customer duties, mortgagee-mortgagor, Relationships
- Level: Level 1
- Topic: ETHICS IN BANKING
- Series: APR 2023
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