Who implied duties of bank and customer
Who implied duties of bank and customer?
Expert
Standard banking documents are designed to protect the bank, not the customer. However, in instances where the bank provides services like financial advice, a fiduciary relationship exists that imposes a duty of care and skill, as well as the requirements to disclose actual and potential conflicts of interest and to consider the consumer’s interests ahead of the bank’s.
Negotiable Instruments: A negotiable instrument is “a written contract comprises an unrestricted promise also order to pay a precise sum on demand or on a particular date to a particular person or possessor.”
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