Miscellaneous Quiz / Banking Law

Random Miscellaneous Quiz

Can you name the Banker/Customer relationship?

Quiz not verified by Sporcle

Forced Order
Challenge
Share
Tweet
Embed
Score 0/99 Timer 15:00
HintAnswer
Time for cheques reasonable
Oath or writ required for security reassignation
Joint accounts always require dual signatories
Disclose - public interest post Jack
Partner can bind firm to credit
Special presentation removes 1 day
Repayment on forged leaves account in credit
Caution interpreted narrowly
If forged paid, pay out twice
Constructive notice in English caution
Each liable for pro rata share so claim within for return
In England, must consent before merging
Demand required in England
Deposit Receipt is instruction to repay
Ambigious circumstances invokes surrounding facts
Bank need not check loan but inform risk
Need to intimate amalgamation
No demand need in Scotland
Liability under caution ceases at end of principle
Actual knowledge of undue influence in Scotladn
Lien allows retention of property
Mother/son close enough for persumption
Need not intimate amalgamation
Disclose - court order
Knowledge of invalidity = personal bar
Innocuous wording may lead to caution
Trusteee personally liable
No merging of accounts if instructed not to
Disclose - war time assets
Bank entitled to rely on solicitor acting for client
Alteration relieves cautioner
Pre Smith no dislosure
Creditor/Debtor not trust/agency
HintAnswer
Principles of disclosure in common sense
Bank liable for dishonest employees
Test for unfairness very low
For cheque - a day is a day
If knowing partner, can allow firm to be found
Security transfer need not have principle debt too
Ordinary course of busienss for cheque clearing is fact specific
Majority of Exectors needed to deal with account
Bank only obliged to honour cheques if funds avialable
Debtor mistatement irrelevant
Apparent advantage over naivety = claim
Customer duty only to take care in writing cheques
Obligation to get best price for security
Disclaimer doesnt affect advisory nature
Partner can counterband cheques
In sequestration, no compensating of accounts
Creditor undue influence voidable
Instruction to solicitor not exculpatory
Disclose - subopena questionable
Duty of care is of prudent businessman
Duty of good faith requires warning of risk in Scotland
Right to interest on loan is implied
Advise on house, held to said standard
Specific amount removes pro rata
Caution may be to world at large
Disclosure duty needed informed removal
Condifentiality subject to contract
Smith Applied in Scotland
Smith interpreted resctrictively
Monies in trustees account followable
No waiver/disclaimer effective in caution
Relationship of contract
 
HintAnswer
Courts will not interpret code against Customer
Jurisdiction clauses require highlighting
Actions may relieve cautioner
Etridge not in Scotland
Relationship presumes undue influence
Failure in principle breaks caution
Able to honour cheques till intimated bankrupcty
Disclose - public interest
If offering advice, held to said standard
First payment goes to first debit
Time for new bank reasonable
If advise not expounded as such, no claim
Prescription runs from date due
Cheque clearing has 4 contracts
Customer duty only to inform of forgery
Solicitor carries duty once passed on + factors affecting caution in obrien situations
Disclose - officiality
Instructed to open account = commencement
Duty to draw cheque correctly
Duty of confidentiality
Personal not real right
Bank discharges with warning
Banks must be forthright with variation
More than agreement needed for security
One failure in co-cautioner releases all
Credit balance ranks after preferential
Delivery for property
Good faith needed - not technical but no exploitation
No duty for caution if cautioner benefiting
Insolvents are removed from co-cautioner pool
Matter of degree for cheque correctness
Balance between safety + commercial practicality in caution
Negligence in delict remains prevalent despite contractual

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Sign Up with Email
OR
Log In

You Might Also Like...

Show Comments

Extras

Top Quizzes Today


Score Distribution

Your Account Isn't Verified!

In order to create a playlist on Sporcle, you need to verify the email address you used during registration. Go to your Sporcle Settings to finish the process.