Multiple choice

A sum of amount was accepted by the cashier of a bank A. However, the cashier fails to account for the amount submitted. Thus,

  1. only cashier will be liable for that

  2. customer depositing the amount will be liable

  3. bank will be liable

  4. Both (1) and (2)

  5. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A bank is bound by the act of negligence of its staff during the course of employment. Thus, where the bank cashier fails to account for the money deposited with him at the counter, the bank would be liable.

Keep practicing — related questions