The Contract That Specifies the Rights and Obligations of a Bank

question 22

True/False

The contract that specifies the rights and obligations of a bank and a customer is known as the operation of account agreement.

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Definitions:

Unreasonable Means

Methods or tactics that are considered excessive, unjust, or not in accordance with logic or reason, often used in legal contexts to describe actions that go beyond what is fair or appropriate.

Acceptance

In the context of contract law, when the terms of an offer are accepted, it leads to the formation of a contract that is enforceable by law.

Effective

Producing a decided, decisive, or desired effect or result; in full force.

Forum Selection Clause

A contract provision that determines the location and jurisdiction in which disputes will be resolved.