United Kingdom

Foley v Hill

(1848) 2 HLC 28

JurisdictionUnited Kingdom

Year1848

Statusunclear

Key Principle

The relationship between banker and customer is one of debtor and creditor: money deposited becomes the bank's property, and the bank is obliged only to repay an equivalent sum on demand.

Area of Law

banking

Related Cases

Westpac Banking Corporation v Lenthall (2019) 269 CLR 574

AUSTRAC v Commonwealth Bank of Australia [2018] FCA 930

Paciocco v ANZ Banking Group Ltd (Full Federal Court) (2015) 236 FCR 199

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