Duties of a banker towards his customers / Shamsul Bahrin Baharuddin

In England, the definition of a "bank" or "banker" has caused considerable confusion as Parliament has never defined thoser terms. In Malaysia, although the terms are defined in the Banking Act, 1973 confusion however arises over what the authorities concerned it to mean since in...

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Bibliographic Details
Main Author: Baharuddin, Shamsul Bahrin
Format: Student Project
Language:English
Published: Faculty of Law 1982
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/28174/
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author Baharuddin, Shamsul Bahrin
author_facet Baharuddin, Shamsul Bahrin
author_sort Baharuddin, Shamsul Bahrin
building UiTM Institutional Repository
collection Online Access
description In England, the definition of a "bank" or "banker" has caused considerable confusion as Parliament has never defined thoser terms. In Malaysia, although the terms are defined in the Banking Act, 1973 confusion however arises over what the authorities concerned it to mean since in Malaysia, whether a body is a bank or not, depends on whether or not it has been granted a banking licence from the Minister. Sheldon stated that it may either be unprofitable or undesirable to try to answer the question "What is a bank?" apart from the particular context in which it is asked. This is because different criteria may be found to apply in different cases and indeed in some contexts, a person may be a bank simply because some authorithy says he is. In Malaysia, the words 'banker' and 'bank' are used quite loosely. Quite often employees of banks are described as 'bankers'. Hart has described a bank and a banker as "a person or company carrying on the business of receiving moneys, and collecting drafts for customers subject to the obligation of honouring cheques drawn upon them from time to time by the customer to the extent of the amounts available on their current accounts.
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spelling uitm-281742022-12-22T04:16:20Z https://ir.uitm.edu.my/id/eprint/28174/ Duties of a banker towards his customers / Shamsul Bahrin Baharuddin Baharuddin, Shamsul Bahrin Malaysia In England, the definition of a "bank" or "banker" has caused considerable confusion as Parliament has never defined thoser terms. In Malaysia, although the terms are defined in the Banking Act, 1973 confusion however arises over what the authorities concerned it to mean since in Malaysia, whether a body is a bank or not, depends on whether or not it has been granted a banking licence from the Minister. Sheldon stated that it may either be unprofitable or undesirable to try to answer the question "What is a bank?" apart from the particular context in which it is asked. This is because different criteria may be found to apply in different cases and indeed in some contexts, a person may be a bank simply because some authorithy says he is. In Malaysia, the words 'banker' and 'bank' are used quite loosely. Quite often employees of banks are described as 'bankers'. Hart has described a bank and a banker as "a person or company carrying on the business of receiving moneys, and collecting drafts for customers subject to the obligation of honouring cheques drawn upon them from time to time by the customer to the extent of the amounts available on their current accounts. Faculty of Law 1982 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/28174/2/28174.pdf Baharuddin, Shamsul Bahrin (1982) Duties of a banker towards his customers / Shamsul Bahrin Baharuddin. (1982) [Student Project] <http://terminalib.uitm.edu.my/28174.pdf> (Unpublished)
spellingShingle Malaysia
Baharuddin, Shamsul Bahrin
Duties of a banker towards his customers / Shamsul Bahrin Baharuddin
title Duties of a banker towards his customers / Shamsul Bahrin Baharuddin
title_full Duties of a banker towards his customers / Shamsul Bahrin Baharuddin
title_fullStr Duties of a banker towards his customers / Shamsul Bahrin Baharuddin
title_full_unstemmed Duties of a banker towards his customers / Shamsul Bahrin Baharuddin
title_short Duties of a banker towards his customers / Shamsul Bahrin Baharuddin
title_sort duties of a banker towards his customers / shamsul bahrin baharuddin
topic Malaysia
url https://ir.uitm.edu.my/id/eprint/28174/