Banking · Banker-Customer Relationship
Which of the following banking relationships with a customer is automatically terminated upon receipt of notice of the customer's death?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Agent-Principal relationship under a Standing Instruction✓
- 2Creditor-Debtor relationship in a Gold Loan
- 3Lessor-Lessee relationship in a Safe Deposit Locker
- 4Debtor-Creditor relationship in a Fixed Deposit
Correct answer
Agent-Principal relationship under a Standing Instruction
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