β General Practice
Q1
In a Debtor-Creditor relationship between a bank and a customer, who is the debtor when a customer deposits money into an account?
Q2
Which legal framework primarily governs the Debtor-Creditor relationship?
Q3
When a bank provides a loan to a customer, what is the role of the bank in this relationship?
Q4
Which of the following is NOT a relevant legal framework for a Creditor-Debtor relationship?
Q5
What term is used for the customer who pledges movable assets as collateral for a loan?
Q6
Under which act is the Pledger-Pledgee relationship primarily governed?
Q7
In a mortgage agreement, who is the Mortgagor?
Q8
Which legal act governs the Mortgagor-Mortgagee relationship?
Q9
What is the role of the Hypothecatee in a hypothecation agreement?
Q10
Which act is specifically relevant to hypothecation transactions?
Q11
In a Principal-Agent relationship, who is the Agent?
Q12
Which law governs the Principal-Agent relationship between a banker and customer?
Q13
When a customer entrusts valuable items to the bank for safekeeping, what is the bank's role?
Q14
Which legal framework is relevant when a bank manages the estate of a deceased person?
Q15
In a safe deposit locker facility, what is the bank's role?
Q16
When a customer entrusts goods to the bank for safekeeping (not as a pledge), what is the customer's role?
Q17
When a bank provides financial advice to a customer, what is the bank's role?
Q18
What is the role of the bank when it issues a guarantee on behalf of a customer?
Q19
If a customer assigns a debt to the bank, what is the customer's role in this scenario?
Q20
Which legal framework is primarily involved in assignment scenarios?
Q21
Which type of transaction establishes a Debtor-Creditor relationship between a bank and its customer?
Q22
In a Debtor-Creditor relationship, the bank's primary role is that of a:
Q23
What is the customer's role in a Creditor-Debtor relationship when they receive a loan?
Q24
Which of these documents is most likely to define the specifics of a Creditor-Debtor relationship?
Q25
What is the nature of the assets in a Pledger-Pledgee relationship?
Q26
The bank's role in a Pledger-Pledgee relationship is that of a:
Q27
What type of property is involved in a Mortgagor-Mortgagee relationship?
Q28
Who holds the mortgage on the property?
Q29
How is possession handled in a Hypothecator-Hypothecatee relationship?
Q30
Which law specifically addresses actions a bank can take in case of default in a hypothecation agreement?
Q31
What is the customer known as in a Principal-Agent relationship with the bank?
Q32
When the bank acts on behalf of the customer, it is fulfilling the role of an:
Q33
In a Trustee-Beneficiary relationship, who benefits from the entrusted items/assets?
Q34
What is the bank's role when appointed to manage the estate of a deceased person?
Q35
In a bank's safe deposit locker facility, what is the customer who uses the locker called?
Q36
When a customer entrusts valuables to the bank for safekeeping (not as a pledge or in a locker), the bank is the:
Q37
The customer who receives financial advice from the bank is the:
Q38
When a bank provides a guarantee or indemnity, it acts as the:
Q39
In an assignment, the party to whom a right/debt is transferred is the:
Q40
Which law is most relevant to the concept of Indemnity in banking transactions?