CIBNBanking Principles

Banker–customer relationship is fundamentally that of:

APrincipal and agent only
BDebtor and creditorCORRECT
CBailor and bailee
DMaster and servant
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Why the answer is B, and why the others tempt you.
Foley v Hill (1848): when you deposit, the bank owes you that money, so the relationship is debtor (bank) / creditor (customer).
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