United Kingdom banker customer relationshipdebtor creditortrusts

Foley v Hill

(1848) 2 HLC 28

JurisdictionUnited Kingdom

CourtHouse of Lords

Year1848

StatusBinding authority

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

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