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Explain the kind of banker -customer relationship

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Question - Muriuki, Jane and Ochuodho are trustees of a trust account at Sidian Bank. Today they have visited the bank so that they could be given an advance of Kshs. 2.5 million for their personal use. Explain the banking principles applicable in this case.

a) Walubengo is a Kenyan Golf player, deposited a silver trophy she won in a competition for safe custody with KCB bank.

i) Explain the kind of banker -customer relationship established above.

i) Explain the two possible breaches that the bank should avoid in regard to the above contract.

Reference no: EM132913162

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