Law Answers

Henry is 17 years old of age and has had an account at your bank since he was 13 years old. He is going to university of Zambia next month to study law. He needs K25000 to spend on various items and special clothing in line with his career path. He is before your office to seek for an overdraft even though he believes his son should stand on his own feet. Discuss the legal position of this situation. Would your bank extend this overdraft to Henry [10 marks]

The case of Joachimson v Swiss Bank Corporation (1921) laid down the duties or obligations of a banker to the customer. Discuss the duties or obligations that the banker owes to its customer. (10 Marks)

Tournier v. National Provincial and Union Bank of England (1923) laid down the banker’s duty of secrecy. Discuss the circumstances under which a banker is allowed to disclose the confidential information about its customer. (10 Marks)

Henry is 17 years of age and has had an account at your bank since he was 13 years old. He is going to UNZA next month to study Law. He needs K25, 000.00 to spend on various items and special clothing in line with his career path. He is before your Office to seek for an overdraft as his father is willing to guarantee the repayment of the stated overdraft even though he believes his son should “stand on his own feet. “Discuss the legal position in this situation. Would your bank extend this overdraft to Henry? (10 Marks)

Saboi Bank maintains two accounts for people called Kaputula Mukulu, the other Covid-Virus. This has, at times created problems with occasional debits and credits for one going to the other. Kaputula has been a good customer but Saboi Bank has had problems with Covid Virus account with some cheque returned for lack of funds. A cheque of K15,000.00 was presented on Kaputula’s account would have overdrawn it by k12,000.00.On double checking the account, it was discovered that the previous week, he had deposited in K2,000.00 cash which had been posted in error to Kaputula’s account. Discuss at length the legal implications of the following:

(a) Returning unpaid Kaputula’s cheque of k15, 000.00

(b) Covid Virus spending the k2000.00 which was credited to his account. (10 Marks)

ASSIGNMENT

1. The case of Joachimson v Swiss Bank Corporation (1921) laid down the duties or obligations of a banker to the customer. Discuss the duties or obligations that the banker owes to its customer. (10 Marks)

2. Tournier v. National Provincial and Union Bank of England (1923) laid down the banker’s duty of secrecy. Discuss the circumstances under which a banker is allowed to disclose the confidential information about its customer. (10 Marks)

Note: when answering use statutory and case law.

Assignment

Henry is 17 years of age and has had an account at your bank since he was 13 years old. He is going to UNZA next month to study Law. He needs K25, 000.00 to spend on various items and special clothing in line with his career path. He is before your Office to seek for an overdraft as his father is willing to guarantee the repayment of the stated overdraft even though he believes his son should “stand on his own feet. “Discuss the legal position in this situation. Would your bank extend this overdraft to Henry? (10 Marks)

Note: when answering use statutory and case law.

1. Saboi Bank maintains two accounts for people called Kaputula Mukulu, the other Covid-Virus. This has, at times created problems with occasional debits and credits for one going to the other. Kaputula has been a good customer but Saboi Bank has had problems with Covid Virus account with some cheque returned for lack of funds. A cheque of K15,000.00 was presented on Kaputula’s account would have overdrawn it by k12,000.00.On double checking the account, it was discovered that the previous week, he had deposited in K2,000.00 cash which had been posted in error to Kaputula’s account. Discuss at length the legal implications of the following:

(a) Returning unpaid Kaputula’s cheque of k15, 000.00

(b) Covid Virus spending the k2000.00 which was credited to his account. (10 Marks)

Note: when answering use statutory and case law

 Monica also sent a letter on March 10 to Frank offering to sell her Town House for $20m. She told him to let her know by notice in writing by March 24 if he accepted her offer. Frank on receiving the letter on March 20 immediately posted his acceptance. Monica did not receive the letter until March 27 because of a delay at the post office. Monica calls Frank and told him that she had already sold the house. Frank is very upset because he believes that he accepted her offer in time and there was a contract. Advise Frank

in order to encourage her daughter to study hard,mwigamba told her... "if you score A your commercial law exam I will buy you a laptop" mwigamba daughter got A in commercial law exam.is mwigamba bound to buy the laptop?

True or false.

Conviction of a crime and sentenced with a principal penalty of reclusion perpetua will

render an offer to buy a house ineffective.