10-mark question · Part C · Law of Banking and Negotiable Instruments

Mrs. Jaya, a customer of Canara Bank, had a locker facility from 2010. One day she deposited jewellery in that locker with proper confirmation of locking, and returned a month later; the manager informed her by phone that the locker was found opened and the jewellery missing. She filed an FIR with the police and surrendered the locker-key to the bank. Is the bank liable to compensate her for the loss of the jewellery?

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Frequency
1×
papers in the bank
Marks
10
common OU pattern
Years
2020

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