Question

59. The right of set-off customers account can be exercised only by a
(A) Creditors
(B) Debtors
(C) Banker
(D) Customer​

Answer 1

Answer:

Banker

Explanation:

can be exercised only by Banker

Answer 2

Answer:

(C) Banker

Explanation:

Bankers have the right to set-off debts that are receivable by him against debts that are payable by him.Generally banks use this right for payment of credit cards and/or loans.

This right can only be excercised only if the account holder has an account with the concerned bank. And each of these debts should be mutual debts.