Understanding the Banker-Customer Relationship
The relationship between a banker and a customer is defined by the provision of banking services such as fund transfers and cheque issuance. It is primarily a debtor-creditor relationship but also involves trust, agency, bailment, mortgage, and leasing aspects. Regulations are governed by laws like
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Overview of Bailment in Business Law
Bailment in business law involves the delivery of goods from one party to another for a specific purpose under a contract. The concept entails defined duties and rights for both the bailor and bailee, including obligations such as care of the goods, returning them, and indemnifying for damages. Unde
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Understanding Bailment and Pledge: Key Concepts and Legal Rules
Bailment and pledge are special contracts involving the delivery of goods for specific purposes while retaining ownership. Learn about the essentials, parties involved, and classifications of bailment in this comprehensive guide.
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