In case of collection of cheques and bills, the relationship of the banker with the customer is that of

Related MCQs

• When banker received deposits from the customer, then the banker becomes -------------- of the customer.
• When banker received deposits from the customer, then the banker becomes -------------- of the customer.
• The collecting banker is bound to show due care and carefulness in the collection of cheques presented to him.
• Bankers undertake the duty of collection of cheques and bills because......
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.
• When customer's account overdrawn or when customer has taken loan from banker, then the customer.
• The primary relationship between banker and customer is a ------------------ relationship.
• In case a collecting banker has realized the cheque, he should pay the interest to the customer as per his (customer’s) direction.
• There is legal obligation for a banker to collect the bills of exchange for its customer.