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     EduGorilla 
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    A customer has balance in his savings bank account. The bank's right of set-of can be used for the recovery of a loan in which of the following cases?

    Options :-

    1. A bank guarantee issued by the bank
    2. A term loan has been sanctioned and the instalment is still to fall due
    3. A cash credit limit is sanctioned to the party and it is running regular
    4. Customer is guarantor in a loan account of another person and that person has defaulted in repayment of the loan.
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