Answer to Question #282160 in British Law for Douglas

Question

Assignment

Henry is 17 years of age and has had an account at your bank since he was 13 years old. He is going to UNZA next month to study Law. He needs K25, 000.00 to spend on various items and special clothing in line with his career path. He is before your Office to seek for an overdraft as his father is willing to guarantee the repayment of the stated overdraft even though he believes his son should “stand on his own feet. “Discuss the legal position in this situation. Would your bank extend this overdraft to Henry? (10 Marks)

Note: when answering use statutory and case law.

Answer 1

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