Question

Banker’s lien can be exercised on

• A. On goods on safe custody
• B. Goods in locker
• C. On goods and securities received in the custody of a banker
• D. Goods left by debtor by mistake

Answer 1

Answer:

C. On goods and securities received in the custody of a banker

A banker’s lien allows the bank to retain possession of goods, securities, or assets that come into its custody until dues from the customer are cleared. It does not cover safe custody goods or mistakenly left items.