QUESTION FOUR "There must be a time when he began to be a customer. His Lordship thought a person became a customer of a bank when he went to the bank with money or a cheque and asked to have an account opened in his name and the bank accepted the money or cheque and was prepared to open an account in the name of that person. He thought the person became a customer then, and after that he was entitled to be called a customer of the bank. He did not think it was necessary that the person should have drawn any money or even that he should be in a position to draw money. He thought such person became a customer the moment the bank received the money or cheque and agreed to open an account." per Bailhache J in the case of Ladbroke and Co. v. Todd (1914) 30 TLR 433. Required Do you agree with this statement? Discuss who a customer is. 15 marks