Professional Documents
Culture Documents
Definition of Banker and Customer
Definition of Banker and Customer
tor
Technology,
ACKNOWLEDGEMENTS.
of this paper.
PREFACE.
by the bank.
Courts.
orders are discussed. The positive aspect being that the bank
mandate which the customer has given. The negative aspect leads
The next duty that will be discussed is the duty of the banker
Preface iii
Table of Cases v
Chapter I
Bank, Banker and Banking 1
Chapter II
Who is a Customer? 6
Chapter IV
5. Duty as to secrecy 40
6. Banking secrecy and special legislations . . 43
Conclusion 48
Appendix 51
Bibliography 53
- V -
TABLE OF CASES.
/T9277 2 K.B. 92 38
Brov/n v. Westminster Bank Ltd. / T 9 6 4 7 2 Lloyd's
Rep. 187 26
Carr v. Carr / " " 1 8 1 1 7 1 Mer 541 15
Jan. 21 . . . . . . . . 4 0
/T971.7 2 M.L.J. 6 33
TABLE OF CASES.
TABLE OF STATUTES.
s• 7 ( 1 ) • • • • • • • 43
S. 36 1, 41, 43
S • 3 (^) • • • 3, 4
S• 2 * • • 4, 5
S. 24 . 25
S. 64(2) . 28
S. 73 . 20
S. 75 . 36
S. 80 . 30
S. 81 . 31
S. 85 6, 35
3• 82 • « • • * . 32
S# 5 • • • « • . 43
S. 79 e • •
. 45
S» 7 • • • . 46
- viii -
TABLE OF STATUTES.
account and the payment of cheques drawn "by and the collection
4
The leading case supporting this view is Re Sheilds Estate .
banking business. The Court held that banking was not his chief
not a banker.
re-affirmed.
as banks?.
Vol. 1, p. 1.
7. ibid at p. 975.
9. ibid.
- 6 -
CHAPTER II
Who is a customer?
a customer.
held that a person who had not yet opened an account could
nothing of the kind here, and this man who presented the
cheque cuuld not he described as a. customer. He was a stranger
of whom the hank who paid him knew nothing. They did not
even know his name or his place of abode. They knew nothing
about him. It is absurd to speak of his being a 'customer'
of the bank. He was an absolute stranger to them. One
transaction - the one in question j
does not make a man a 'customer'."
Both the trial judge and the Court of Appeal held that he was
of the bank.
it '-.'cs decided that even a person who has not opened an account
existed as from the date when the bank accepted the instructions
bank, and he could not therefore claim the proceeds of the cheque
account in his name into the joint &ames of himself and his
had not opened the account himself and neither did he ask
4. ihid at p. 498.
6. ihid at p. 420.
8. ihid at p. 687.
11. Supra.
14. Supra.
accounts.
v Status of Relationship.
a) Is it a, bailor-bailee relationship?
When bank notes are paid over as currency, so far as the payer