Borrowing





Banks are always willing to loan their funds to responsible persons

within reasonable limits. That is what they exist for. There is, of

course, a limit to the amount a bank may loan, even on the best known

security, but the customer of the bank is entitled to and will receive

the first consideration.



The customer should not hesitate, when occasion requires, to offer to

the bank for discount such paper as may come into his hands in the

course of business, if, in his opinion, the paper is good. At the same

time he should not be offended if his bank refuses to take it even

without giving reasons.





Bell Time On Shipboard Business Law In Brief facebooktwittergoogle_plusredditpinterestlinkedinmail

Feedback