Understanding Contract of Guarantee In the world of commerce and finance, transactions often involve an element of trust — but trust alone is rarely enough. […]
Tag: banking law
27. Hypothecation
Meaning of Hypothecation Hypothecation refers to a type of security interest in which a debtor pledges movable assets to a creditor as collateral for a […]
3. Pledge. Ackons Outing tar Cornmonobieft
Pledge – Definition and Nature A Pledge is defined under Section 172 of the Indian Contract Act, 1872 as the bailment of goods as security […]
16. What are the obligations of paying and collection
Introduction In banking, the duties of paying and collecting banker are fundamental functions in the relationship between a banker and their customer. These obligations are […]
13. What is Banker’s lien? What are the precautions a bank should take while giving loans and advances ?
Banker’s Lien: Definition and Explanation A Banker’s Lien is a legal right available to a banker to retain possession of a customer’s property, securities, or […]
9. What is a letter of Credit ? Discuss the merits and demerits of letters of credit.
Introduction to Letter of Credit A Letter of Credit (LC) is a document issued by a bank, guaranteeing that a buyer’s payment to a seller […]
8. What are the legal presumptions of a Negotiable instrument?
The Negotiable Instruments Act, 1881 is the key legislation governing the usage of negotiable instruments like promissory notes, bills of exchange, and cheques in India. […]
21.X, a customer has deposited jewels worth 50000/- for safe custody in a Bank. Later he became a Debtor to the Bank. Explain the Rights of the Banker?
Facts of the Case Issues in the Case Principles Associated with It Judgement / Legal Remedy