Banking revision

Chapter 8
1. when a banker enjoys the automatic right of set off
The set-off refers to “combining of two or more account for final settlement of
accounts” .In other words set off is a process where the bank recovers its due loan, to the debit
of deposit account of the borrower. A bank has a right to set off a debt owing to a customer
against a debt due from him. A bank can only exercise its right of setoff if (a) mutual
obligations exist between the bank and the depositor/borrower 

, and (b) the loan is in default or has matured. The first and the most important condition for the
application of the right of set-off is that the accounts with the banker must not only be in the
same name but also in the same right.

2. https://allbankingalerts.com/general-lien-vs-particular-lien-definition-example-
differences/

https://qsstudy.com/business-studies/differences-between-
particular-lien-and-general-lien.