Question

The relationship between a banker and a customer is

• A. Trustee and beneficiary
• B. Debtor and creditor
• C. Principal and agent
• D. All of the above

Answer 1

Answer:

D. All of the above

Debtor and Creditor Relationship

• The relation of banker and customer is primarily that of debtor and creditor.

• But who is what at a particular moment depends on the balance of the account of the customer.

• If the account shows a credit balance, the banker will be a debtor and the customer a creditor.