APPROPRIATION WHEN ACCOUNT GUARANTEED IN BANKING

• Date: 07 September 2019

"In Halsbury’s Laws, Vol. 2, in the chapter on Banking, at p. 172, in para. 321, on "Appropriation when account guaranteed", it is said that the banker is bound, however, to deal with the accounts in the ordinary way of business; and a little lower it is said that: "On the termination of the guarantee the account may be closed, and a new one opened, to which all payments in may be carried. But the banker is not entitled, where an account is guaranteed to a limited extent, to split that...