State whether the statements below are true or false and justify your answer with reference: (a) Money in a bank account

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State whether the statements below are true or false and justify
your answer with reference:
(a) Money in a bank account belongs to the customer.
(b) Deposits are contractual debt owed by the bank to its
customer
(c) Bank is liable for the loss of money from a bank
robbery.
(d) Banks are not the trustee of their customer’s
money.
(e) Current account cannot be opened in the name of a
minor.
(f) Banks are disallowed to disclose the information about their
customer to government
authorities even when the person is no longer their
customer.
(g) The drawer’s signature is only necessary to transfer a
cheque.
(h) Banks do not owe any duty to the drawer of a
cheque.
(i) There are special requirements when opening a company bank
account.
(j) A cheque marked “Not Negotiable” cannot be
transferred.
(k) Customers who draw cheques do not owe any duties to the paying
bank.
(l) A company may be declared bankrupt if it is
insolvent.
(m) Guarantee and indemnity have similar liabilities.
(n) Credit reports can contain any information of prospective
borrowers.