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* where disclosure is under compulsion of law; * where there is a duty to the public to disclose; * where the interests of the bank require disclosure; and where the disclosure is made by the express or implied consent of the parties

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Meaning of fidelity?

Fidelity is the character of being faithful or true. Its original meaning regarded duty in a broader sense than the associated concept of allegiance.


Baines v national provincial bank ltd?

Baines v National Provincial Bank Ltd (1972) is a notable case in English law concerning the principles of negligence and duty of care. In this case, the plaintiff, Baines, sued the bank for damages after a bank employee failed to inform him of a fraudulent transaction that resulted in financial loss. The court held that the bank owed a duty of care to Baines, and the employee's negligence in not communicating the relevant information constituted a breach of that duty. This case underscores the importance of communication in financial transactions and the responsibilities of banks to their customers.


Duties of a sales person in personal loans?

Sales people that are selling loans have a duty to make sure the person can afford he loan and pay it back. The duty to the borrower is more of a moral duty, but the duty to the bank is legal.


Do you have to pay stamp duty when selling a house?

Yes, in most cases, you have to pay stamp duty when selling a house. Stamp duty is a tax imposed by the government on the transfer of property ownership. The amount of stamp duty varies depending on the property's value and location.


Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?

The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.