CORE TERM PROJECT
BANKING & FINANCE LAW
Name: Tran Cong Hieu
Student IDENTITY: 15402543
Word count: 986
Can Fantastic Scenery Pty. Ltd. have the right to sue Crimson Bank to claim $50, 1000 which Minnie has taken? Can Amazing Landscapes Pty. Ltd. drag into court Red Financial institution for settlement for the $10, 1000 penalty fee? Can Great Landscapes Pty. Ltd. search for compensation by BLB? RULES
Firstly, who may be the customer?
Secondly, content of the get in touch with at (2. 65) declares that: the contact involving the bank and the customer is ongoing 1. It is available until terminated pursuant to contractual guidelines, which could contain agreement from the parties or breach with the condition entitling the blameless party to eliminate. Thirdly, the bank's obligation of privacy. Case: Tournier v Countrywide Provincial and Union Lender of Britain Ltd (1924) 1 KILOBYTES 461 Next, in the responsibility of consumer, it comes after Macmillan work and it also relates to the duty to organize business which is focused through cases:, (6. 20) Lewes Sanitary Vapor Laundry Company Ltd sixth is v Barclay Company Ltd (1906) 95 LUXURY TOURING 444; and (6. 21) National Bank of New Zealand Ltd v Walpole and Patterson Limited (1975) 2NZLR 7. Joint account holders, case: Arden v Bank of recent South Wales (1956) VLR 569 Mix of account, the bank's directly to combine accounts is dependant on the accounts getting the same or closely related. The right to incorporate accounts devoid of express agreement: accounts should be held by simply customer in the same capacity, must not be a contract or course of dealing with the customer which has negated the bank's right to combine accounts, customer's indebtedness will need to have been sustained to the bank as an banker and never in relation to different business carried on by the lender eg travel and leisure business. The key case with this rule is definitely: Garnett v McKewan 1872. Knowing Invoice: Case: Thomson v Clydesdale Bank Limited (1893) AIR CONDITIONING UNIT 282 APP
Excellent Landscapes is actually a customer from the Red Financial institution because it offers accounts with this bank which can be overdraft...