Contract Act 1872 -Laws and Practice of Banking-JAIBB

BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 Laws and Practice of Banking-JAIBB

Meaning and Essentials of Contract

Q.1. “An agreement enforceable by law is a contract” Comment and explain the essentials of a valid contract in brief.

Ans.: Generally contract means a promise or agreement made by two or more persons enforceable by law. According to Indian Contract Act 1872 Section 2(h) defined. “An agreement enforceable by law is a contract.” Hence, agreement and legal enforceability creates an agreement as contract. Section 10 defines

Some Important Short Questions-Laws and Practice of Banking-JAIBB

BANKING DIPLOMA EXAMINATION

Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 Laws and Practice of Banking-JAIBB

Some Important Short Questions 

Q.1 Define Contract.
 
Ans.: “An agreement enforceable by Law is a Contract.” [Section 2(h)]
 

Q.2 What is implied contract?
 
Ans.: An agreement which is not made by written or spoken words of parties

Laws and Practice of Banking

BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 Laws and Practice of Banking-JAIBB

Short Notes:

CLEARING HOUSE:

Clearing House is a place where all the bankers of a town assemble to exchange cheques, drafts, bills etc.

Short Note: Law & Practice of Banking

BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 Laws and Practice of Banking-JAIBB

Short Note:

PAYMENT IN DUE COURSE:

A cheque is discharged by payment in due course, that is to say payment made by the drawee-banker to the holder of the cheque in good faith and without notice that his title to the cheque is defective. The holder to

Short Notes: Law & Practice of Banking

BANKING DIPLOMA EXAMINATION

(Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

Laws and Practice of Banking -JAIBB

Short Notes:

GARNISHEE ORDER:

A  garnishee order is an order of a court asking the banker to stop either absolutely or partially the usual

JAIBB-Laws and Practice of Banking

BANKING DIPLOMA EXAMINATION

Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)

 Laws and Practice of Banking -JAIBB

Laws and Practice of Banking  has been published by the Institute with the assistance of a veteran Banker, R A Howlader & Chowdhury M. A. Q Sarwar.