Banking · Banker-Customer Relationship
Match the relationship change in Column A with the specific legal event that triggers it in Column B: Column A (Relationship Change) I. Termination of Agency II. Set-off becomes mandatory III. Exercise of General Lien IV. Indemnity arises Column B (Legal Trigger Event)1. Customer's debt becomes due and unpaid2. Loss of the original Demand Draft by the customer3. Death, insolvency, or insanity of the customer4. Customer is the Creditor and Bank is the Debtor
- 1I-3, II-1, III-4, IV-2
- 2I-3, II-3, III-1, IV-2✓
- 3I-2, II-4, III-1, IV-3
- 4I-4, II-2, III-3, IV-1
Correct answer
I-3, II-3, III-1, IV-2
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