If the amount in an Order Absolute is not specified, the bank shall: If the amount in an Order Absolute is not specified, the bank shall:
AAttach only minimum balance
BAttach entire balance
CSeek clarification from court
DIgnore the order Answer: B
AAttach only minimum balance
BAttach entire balance
CSeek clarification from court
DIgnore the order Answer: B
Related Questions:
Consider the following scenario: Mr. H initially nominates his mother for his account. Later, after marriage, he wants to change the nominee to his wife.
Statement I: Mr. H can change the nominee by submitting a modification form.
Statement II: In a joint account, only Mr. H’s signature is sufficient to change the nominee.