Question

Explain the relationship between Bankers and customers.​

Answer 1

Answer:

A banker acts as an agent of his customer and performs a number of agency functions for the convenience of his customer. For example, he buys or sells securities on behalf of his customer, collects checks/cheques on his behalf, and pays various customer dues.

Answer 2

Answer:

• the opening of an account by a customer with the banker creates an obligation on the bandker towards it's customer in respect of certain rights and responsibility
• a banker acts as an agent of his customer and performs a number of functions for the convince of his customer

Explanation:

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