Woods vs Martins Bank Ltd. [1959]

QUESTION. In Woods v Martins Bank Ltd. [1959] 1 QB 55 at 70, Salmon J. observed: ‘[T]he limits of a banker’s business cannot be laid down as a matter of law The nature of such a business must in each case be a matter of fact and, accordingly, cannot be treated as if it was a matter of pure law.’ i) What are the features of an institution that may lead a UK court to determine that it is acting as a bank? ii) Why does it matter whether it is legally found to be ‌‌‌‌‍‌‍‌‍‌‌‌‍‌‍‌‍‍‌ a bank?                                            

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