Under What Circumstances Might the Relationship Between the Bank and Customer

question 36

Multiple Choice

Under what circumstances might the relationship between the bank and customer impose fiduciary duties on the bank?

• A) where the bank undertakes to provide financial advice
• B) when the customer makes a deposit
• C) when the customer opens an account
• D) when the customer deposits a cheque

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Definitions:

Additive Pattern

A situation or process where the effects of separate factors combine in a straightforward, cumulative manner.

Multifactorial Pattern

A pattern determined by many factors or causes that are often interrelated, especially used in the context of genetics or behavior analysis.

Phenotype

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Genetic Potential

The maximum physical or intellectual growth and development that a person can achieve, based on their genetic composition.