Banking · Banker's Lien
The Banker's Right of General Lien is applicable to:
- 1Money deposited in the customer's account.
- 2All goods and securities entrusted to the bank in its capacity as a banker, without a specific contract to the contrary, as a security for a general balance of account.✓
- 3Goods pledged as security against a specific loan.
- 4Securities and properties handed over to the bank for safe custody.
Correct answer
All goods and securities entrusted to the bank in its capacity as a banker, without a specific contract to the contrary, as a security for a general balance of account.
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