Question

Explain the relationship between the banker and its customers.

Answer 1

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The relationship between a banker and a customer depends on the type of transaction. Thus the relationship is based on contract, and on certain terms and conditions. These relationships confer certain rights and obligations both on the part of the banker and on the customer.



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Answer 2

The general relationship between a banker and its customer are as followed:

1) as that of a debtor and a creditor

2) as that of a principal and agent

3) fiduciary relationship

4) relationship of a trustee and beneficiary

5) relationship of a bailer and bailee

6) relationship of a pawnee and pawnor

7) relationship of a mortgagee and mortgagor

8) relationship of a lessee and lessor

9) relationship of a guarantor and guarantee

These are all the relationships in general which are formed between a banker and his customer and all these depend on the various circumstances that might arise between the two.