The question (15 marks)
Discuss the legal nature of the relationship between a banker and his customer, and state the principal rights and duties which flow from it. (15 marks)
MU Module 1, head 1.4; pack chapters on the banker-customer relationship and on the lien and secrecy.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 1 · Banking Structure and the Insolvency and Bankruptcy Code of Law of Banking and Negotiable Instruments.
Authorities you will need
- Central Bank v. Gopinathan Nair, on who is a customer
- Canara Bank Ltd. v. I. V. Rajagopal
- Tournier v. National Provincial and Union Bank of England
- Brandao v. Barnett, and Lease v. Martin, on the general lien
- Canara Bank v. Canara Sales Corporation
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.