bank-depositor relationship
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 385 U.S. 99 - Bank of Marin v. England · 1966Most cited · 1,365 citing opinions
The relationship of bank and depositor is that of debtor and creditor, founded upon contract. The bank has the right and duty under that contract to honor checks of its depositor properly drawn and presented, absent a revocation that gives the bank notice prior to the time the checks are accepted or paid by the bank.