Multiple choice

Which among the following relationships of bank and customer is not properly matched?

  1. Lockers - Lessor and lessee

  2. Standing Instruction - Agent and principal

  3. Assignment - Assignor and assignee

  4. Loan account - Creditor and debtor

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct Answer: Assignment - Assignor and assignee For a loan to be raised, a person assigns his insurance policy in favour of the bank - Assignor and assignee.