Who implied duties of bank and customer

Question

Who implied duties of bank and customer?

Answer 1

Standard banking documents are designed to protect the bank, not the customer. However, in instances where the bank provides services like financial advice, a fiduciary relationship exists that imposes a duty of care and skill, as well as the requirements to disclose actual and potential conflicts of interest and to consider the consumer’s interests ahead of the bank’s.

Negotiable Instruments: A negotiable instrument is “a written contract comprises an unrestricted promise also order to pay a precise sum on demand or on a particular date to a particular person or possessor.”