N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 16: TEST YOUR SELF

Lien is exercisable if the relationship is of_____.

Which among the following can be exercised by a bank on a term deposit the maturity date of which expired 2 months back?

A bank took into possession an FDR for margin money for some credit facility and made mention of this in its books. In this case, the lien of the bank is:

While sanctioning a loan to a public limited company, your branch has been advised by your Head Office to obtain an undertaking from the said company in such a way that the company does not create any charge on its assets in favor of anyone nor it can sell the assets without obtaining permission from the bank. Such an undertaking is called:

Which among the following rights is conferred on the bank under Section 171 of India Contract Act, 1872?

On which of the following, the right of lien cannot be exercised by a bank:

Under general lien, in case of default by the borrower, the bank, after giving  a proper/reasonable notice to the borrower can:

The period of limitation for exercising banker's lien is: