in his book Banking Law? a. A banker is one who in the additional course of his business, discounts bill drawn upon him by persons from and for whom he pays on accounts b. A banker is one who in the ordinary course of his business, honors cheques drawn upon him by persons from and for whom he receives on accounts c. A banker is one who in the future course of his business, provides loans to persons from and for whom he receives on accounts d. A banker is one who in the special course of his business, honors demand drafts dawn upon him by persons from and for whom he pays on accounts
in his book Banking Law? a. A banker is one who in the additional course of his business, discounts bill drawn upon him by persons from and for whom he pays on accounts b. A banker is one who in the ordinary course of his business, honors cheques drawn upon him by persons from and for whom he receives on accounts c. A banker is one who in the future course of his business, provides loans to persons from and for whom he receives on accounts d. A banker is one who in the special course of his business, honors demand drafts dawn upon him by persons from and for whom he pays on accounts
Chapter17: The Management Of Cash And Marketable Securities
Section: Chapter Questions
Problem 5QTD
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Question
Identify which one of the following is the definition of banker given by Dr. H.L. Hart defined in his book Banking Law?
a.
A banker is one who in the additional course of his business, discounts bill drawn upon him by persons from and for whom he pays on accounts
b.
A banker is one who in the ordinary course of his business, honors cheques drawn upon him by persons from and for whom he receives on accounts
c.
A banker is one who in the future course of his business, provides loans to persons from and for whom he receives on accounts
d.
A banker is one who in the special course of his business, honors demand drafts dawn upon him by persons from and for whom he pays on accounts
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