Question
1.Discuss the measures that a banker should take before opening an account associated with a child who is a minor. 2. Explain what a bank
1.Discuss the measures that a banker should take before opening an account associated with a child who is a minor.
2. Explain what a bank should do on realizing the account holder is no longer a minor but the parents who used to deposit the money into the account are still alive.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Measures Before Opening an Account for a Minor When opening an account for a minor a banker should take several precautionary measures to ensure legal compliance and protect the interests of both the ...
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Step: 2
Step: 3
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
