A critical analysis of the duties of Banks towards customers In Uganda.
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Date
2019-06
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, School of law.
Abstract
This is a study of "Bank's duties towards their customers". The law and practice was carried
out in different banks with in Uganda, with specific aim of establishing the extent of compliance
with these duties by banks and the legal issues put in to consideration to enforce and exercise
these duties. Examining too on how banks have failed in their duties by investigating on the loop
holes there in as we identity possible interventions to control the failures in banks. This study
will also constitute literature review from various scholars on their say on specific duties as well
as different laws from different countries that govern different relationships. This study was
based on qualitative methods of data collection and this analysis was done through conducting
library and internet research.
The study findings indicated that the different duties that include; the duty of care, good faith,
honouring of cheques and also fuctors that lead to the breach or failure in their duties as banks to
customers for example Misleading advice, undue influence, fraud, misrepresentation and failure
in conduct of due diligence and the possible defences that exclude liability from banks.
The study recommended that being that laws are present but there is need for them to be
enforced and other recommendations include the need to conduct with respect to be exercised
towards customers, and being observant when conducting duties towards customers.
Description
A dissertation submitted to Faculty of Law .in Partial Fulfillment of Requirements for the Award of
Bachelors of Laws Degree of Kampala International University.
Keywords
Banks, Customers, Critical Analysis, Uganda