BANKS QUIZ

A modern bank building with people engaging in financial activities, showing interactions between banks and customers, with legal symbols subtly integrated in the background.

Banking Law Insights Quiz

Test your knowledge on the intricate relationships between banks and their customers. This quiz covers legal principles, case law, and the implications of banking operations.

Join now to explore:

Banking legal theories
Key case laws
Banking operations insights
Creditor-debtor relationships

11 Questions3 MinutesCreated by ConsultingEagle402

LORD JUSTICE MOORE-BICK SAYS BANKS BENEFIT BECAUSE THEY USE THAT MONEY TO INVEST

Uzinterimpex

RELATIONSHIP BETWEEN BANK, AND CUSTOMER IS ONE OF CREDITOR AND DEBTOR. NOT MINISTERIAL, OR AGENT BASED

Foley v Hill

ARGUES THAT BANKS BENEFIT FROM THE PROPERTY BECAUSE THE HAVE THE BENEFIT OF TREATING THE MONEY AS THEIR OWN TO INVEST IT, AND USE IT IN BUSINESS UNTIL IT IS CALLED UPON TO REPAY THE DEBT.

Michael Bryan

WORRY THAT BANKS WOULD LIKELY GET MORE RECEIPT BASED CLAIMS - AND THIS COULD HAVE THE EFFECT OF OVERBURDENING BANKS, WASTING TIME, AND RESOURCES - BUT THIS FORGETS THAT THEY WILL NOT BE LIABLE UNLESS THEY HAVE KNOWLEDGE ON KNOWING RECEIPT.

Virgo

BENEFIT WHETHER A LOAN OR NOT - “bank should be liable no matter the state of the account’

Lionel Smith

�bank does not merely ‘hold’ moneys paid into the account”... “deals with them in capital markets, lending them at interest or purchasing investments” it then takes profit from those dealings.

Gleeson

� CHANGES MIND SINCE AGIP AND SAID BANKS BENEFICIALLY OWN MONEY, MEANING LEGALLY THEY DO BENEFIT BUT WAS TALKING GENERALLY

Foskett

BANKS QUIZ

Banking Law Insights Quiz

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