Under what circumstances Banker can exercise the right of Set-Off without providing notice to the customer?

Answer:

a)     On the death, insanity or insolvency of the customer.

b)     On the insolvency of a partner of a firm.

c)     On the winding up of a company.

d)     On receipt  of a garnishee order.

e)     On receipt of an information of a second mortgage over the security which is charged to the bank.

f)       On receipt of a notice of assignment of the credit balance of the customer.