Principle

BANKING LAW — Definition of Banking Business — Banking Business Defies Precise Compartmentalisation

Area of law: BANKING LAW
Court: Supreme Court

Banking defies precise compartmentalisation and is easier to recognize than to define. In doubtful cases, the firm's reputation among commercial men may guide determination. The principle applies to banking law and jurisdiction. The rule acknowledges the evolving nature of banking activities. No single exhaustive definition…

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