Banking · Banker's Rights

The bank's statutory right to combine a customer's credit balances (deposits) and debit balances (loans) to strike a single net balance is known as the Right of:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Bailment
2Set-off✓
3General Lien
4Appropriation

Correct answer

Set-off

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The bank's statutory right to combine a customer's credit balances (deposits) and debit balances (loans) to strike a single net balance is known as the Right of:

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The bank's statutory right to combine a customer's credit balances (deposits) and debit balances (loans) to strike a single net balance is known as the Right of:

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