Multiple choice

In the absence of proper reference, the banker can be held liable on the grounds of

  1. negligence

  2. connivance

  3. crime

  4. arrogance
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A Correct answer
Explanation

In the absence of proper reference the banker, can be held liable on the grounds of negligence. Following are the duties of the bank, which when bank fails to carry out, can make it liable due to negligence

  • To ensure crossing and special crossing
  • To take into account the state of customer's account
  • To open the account with proper references and documentary proof etc. 

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