Banker's Rights and Duties

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Termination By the Parties By mutual agreement By unilateral contract Must give reasonable notice Eg dem<strong>and</strong>ing repayment of the balance due Eg if the account is overdrawn by repaying the overdraft
Written Notice Ng Cheng Kiat v Overseas Union Bank [1984] 2 MLJ 140, HC Bank did not give written notice to close the customer’s s current account. Held: the Bank had the duty to honour cheques <strong>and</strong> must give written notice.
Page 1 and 2: Law of Banking and Security DR. ZUL
Page 3 and 4: Banker’s s rights and duties 1.
Page 5 and 6: Right to interest express agreemen
Page 7 and 8: Right to set-off Rahimah bte Abdul
Page 9 and 10: Banker’s s duties Duty to receiv
Page 11 and 12: Dishonour customer’s cheques The
Page 13 and 14: Robertson v Canadian Imperial Bank
Page 15 and 16: May disclose information Tournier
Page 17 and 18: No extra-territorial territorial ef
Page 19 and 20: Restate information as per court or
Page 21 and 22: Customer’s s duties Duty to take
Page 23 and 24: Clear and free from ambiguity Lond
Page 25 and 26: Macmillan duty and Greenwood duty
Page 27: Termination of B-C B C R/Ship Term

Banker's Rights and Duties

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