Question

John Paul was the father of Mr. Smith who died last year. When Smith approached the bank to collect the funds of ten thousand pounds, being the legal heir of John available in the bank account of his father, bank manager required the Mr. Smith to sign a contract containing the provisions that in case of any loss caused to the bank due to relinquishment of the funds of deceased account holder, Mr. Smith will reimburse the expenses to bank. Draft the contract for the bank; also explain the kind contract on separate sheet which is required by the bank.​

Answer 1

Answer:

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