Nemo dat quod non habet and Neo-bank: Difference between pages

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imported>Doug Williamson
(Added Estoppel to see also)
 
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''Law.''
''Financial services.''


'No-one can give what he has not got.
A neo-bank is one which has no physical branches for its customers to attend in person.


The general legal rule that a person who does not own property cannot confer it on another, except with the true owner's authority (for example as the true owner's agent).
Also known as a ''virtual bank''.


There are also a small number of exceptions to this general principle.


==See also==
* [[Bank]]
* [[Virtual bank account]]


== See also ==
[[Category:Accounting,_tax_and_regulation]]
* [[Advising bank]]
[[Category:The_business_context]]
* [[Issuing bank]]
[[Category:Cash_management]]
*[[Estoppel]]
[[Category:Financial_products_and_markets]]
 
[[Category:Liquidity_management]]
[[Category:Compliance_and_audit]]

Latest revision as of 15:55, 8 April 2021

Financial services.

A neo-bank is one which has no physical branches for its customers to attend in person.

Also known as a virtual bank.


See also