📝 One-liners · 94 cards
Banker's Special Relationship
Obligations?
duty to honour cheques, duty of secrecy (Tournier 1924), duty to report suspicious transactions, duty to protect customer data.
Rights?
banker's lien, right of set-off, right of appropriation, right of charging reasonable charges.
Third-party impositions?
garnishee orders (private), attachment orders (statutory), SARFAESI notices.
General / Universal POA — Scope / Use-Case?
Scope: Issued for more than one transaction, giving extensive powers to the donee — sign cheques, stop payment, sign borrowal documents.; Use-Case: NRIs managing Indian property/banking; senior citizens delegating to children.
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