Multiple choice

Under which of the following circumstances does a bank need to give notice to the customer before exercising right of set off?

  1. When the customer has expired

  2. When the customer has gone abroad indefinitely

  3. When garnishee order has been received

  4. When attachment order has been received
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Notice should be given to the customer when the customer has gone abroad indefinitely. 

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