Economy, asked by aminulmollah55, 4 months ago

42. When cash is withdrawn by a customer of a bank from Automatic Teller Machine, the contract is-

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Answered by Annwilfer
0

Answer:

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That does not describe the formation of a contract to me. The contract was already formed between the bank and its customer, so that the amounts withdraw will be properly accounted for, and the customer will not withdraw more than their contract allows.

So it is actually the performance of the contract by the bank, not its formation, in part at the time of withdrawal.

An automated teller machine (ATM) or cash machine (British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, or account information inquiries, at any time and without the need for direct interaction with bank staff.

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