Banking · Customer Obligations and Passbook Law
The defense raised by a bank when a customer fails to examine statements within a reasonable time and notify discrepancies, thereby altering the bank's position, is primarily based on which principle?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Right of Set-off
- 2The doctrine of Estoppel✓
- 3The Law of Agency
- 4The Law of Limitation
Correct answer
The doctrine of Estoppel
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