- 20 Marks
CBLP – APRIL 2023 – L4 – Q1 – Implications of Barclays Bank Ruling on Banker-Customer Relationship
Describe the implications of the ruling in Barclays Bank Ltd. Vs. Sakari on the banker-customer relationship regarding duties in loan transactions.
Question
In the decided case of Barclays Bank Ltd. Vs. Sakari [1996-97] GLR 639 SC the court held that ‘the duty of the bank is to advance money and that of the customer is to repay the loan with interest, if any’ .
Describe the implications of this ruling on the banker customer relationship.
(30 Marks)
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