A Treatise on the Law of Banks and Banking, Vol. 1 (Classic Reprint) - Softcover

John Torrey Morse

 
9781330541050: A Treatise on the Law of Banks and Banking, Vol. 1 (Classic Reprint)

Synopsis

This book serves as a comprehensive legal guide to the intricate world of banks and banking, meticulously exploring the multifaceted aspects of this vital financial sector. The author delves into the historical development of banking law, tracing its evolution through legislation, judicial decisions, and established customs. At its core, the book comprehensively examines the formation and operations of banks, encompassing crucial areas such as organisational structures, the roles and responsibilities of bank officers, and the legal framework governing their actions. Issues of liability, contractual obligations, and the impact of regulations on banking practices are thoroughly discussed. With a focus on the pivotal relationship between banks and their customers, the book analyses various types of deposits, including special, specific, and general deposits, and the rights and obligations associated with each. The author elucidates the complexities of check processing, including acceptance, certification, presentment, and payment, as well as the legal ramifications of forgery and alterations. The book further explores the concepts of bank insolvency, mergers, and dissolutions, providing valuable insights into the procedures and legal consequences involved in these situations. The text concludes by illuminating the rise of savings banks, loan and trust companies, and investment companies, highlighting their distinct characteristics and legal considerations. Through its in-depth analysis of banking law principles, this book offers invaluable guidance for legal professionals, bankers, and anyone seeking to navigate the complexities of the financial industry.

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About the Author

John T. Morse Jr. (1840-1937) was admitted to the Massachusetts bar in 1862 and wrote widely on public policy, economics, and social theory. He worked alongside Henry Cabot Lodge as an editor of the International Review for many years and was editor of the American Statesmen series. In addition to his legal works, Morse wrote biographies of Alexander Hamilton, Oliver Wendell Holmes, Abraham Lincoln, John Quincy Adams, Thomas Jefferson, and Benjamin Franklin.

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