Rights Of A Banker - 6849 Words

q BANKING LAW 1. Rights of a Banker; Banker’:- * Right of lien * Right to set off * Right of appropriation of payments. 2. Banker Regarded As A Favoured Debtor lll A CONTENT 1. Right of lien†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦pages 3-9 a. Introduction -what is lien? b. Types of lien c. Circumstances for exercising banker’s general lien d. Lien - an implied pledge e. Case laws f. Principles governing banker’s lien g. When is lien not permissible 2. Right of set-off†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦pages 10-13 h. Introduction i. Conditions necessary to set-off (ingredients of set-off) j. Automatic right of set off k. Right of set off in the case of; l.†¦show more content†¦the property must come into the hands of the banker in his capacity as a banker in the ordinary course of business; 2. there should be no entrustment for a spec ial purpose inconsistent with the lien 3. the possession of the property must be lawfully obtained in his capacity as a banker; and 4. there should be no agreement inconsistent with the lien. A general lien arises out of a series of transactions in the general course of business rather than a single specific transaction such as the repair of a piece of jewellery or a computer. Attorneys, bankers, and Factors usually have general liens to ensure that his client will pay him for services already performed; an attorney may retain possession of the papers and personal propertyShow MoreRelatedThe Bank Insurance Project : Improving The Communications Between Cardinal Bank And Bankers Insurance949 Words   |  4 PagesMy main objective when joining the Bankers Insurance project was to improve the communications between Cardinal Bank and Bankers Insurance. Acting as a liaison between Cardinal Bank and Bankers Insurance, it is my job to ensure that referral information made its way to the appropriate insurance agent. There have been many changes made; including developing direct communication between the referring Cardinal Bank employee and the agents at Bankers Insurance, improv ed reporting to accurately reflectRead MoreAnton Chekhovs The Bet Essay678 Words   |  3 Pagestimeless theme; greed is a crippling trait of mankind. 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