Question: state whether the following statement is true or false and provide a brief explaination 1. the banker's lien carries with it a power of sale

state whether the following statement is true or false and provide a brief explaination

1. the banker's lien carries with it a power of sale and recoupment from the proceeds

2. a bank account is sufficient but not necessary to establish a bank customer relationship

3. a bank owes a duty to notify customers of new bank products on offer as apart of the banker customer relationship

4. the endorser of the bill dose not have the same obligation as the drawer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!