Common use of Your Representation Clause in Contracts

Your Representation. 5.1 Availing Internet Banking services requires a certain degree of sophistication on Your part in understanding Information Technology. By signing this agreement, You represent to the Bank that You have the necessary and expedient sophistication to avail Internet Banking services. 5.2 You represent to the Bank that You understand different tricks of Identity thieves such as (i) Hacking (ii) Dumpster diving (iii)Phishing (iv)Pretexting (v) Skimming (vi)Plain stealing etc., and You further represent that You would guard Your identity in general and with particular reference to Internet Banking, namely User-Id, Passwords, PIN, Account numbers and such other customer authentication and verification codes issued to or generated by You, from Identity thieves. 5.3 You represent that You would not hold the Bank responsible if You incur loss due to Your Identity theft attributable to Your lack of diligence. 5.4 Further by signing this agreement, You represent to the Bank that Bank is not required to satisfy itself by enquiry that You have necessary sophistication and the Bank is entitled to assume that You have the sophistication. 5.5 You represent that You understand the difference between different options such as viewing options and transaction options and consequence of exercise of those options over Internet and You would not blame the Bank for any loss, if Your choice of options turns out to be wrong.

Your Representation. 5.1 Availing Internet Banking services requires a certain degree of sophistication on Your part in understanding Information Technology. By signing this agreement, You represent to the Bank that You have the necessary and expedient sophistication to avail Internet Banking services. 5.2 You represent to the Bank that You understand different tricks of Identity thieves such as (i) Hacking (ii) Dumpster ii)Dumpster diving (iii)Phishing (iv)Pretexting (v) Skimming (vi)Plain stealing etc., and You further represent that You would guard Your identity in general and with particular reference to Internet Banking, namely User-Id, Passwords, PIN, Account numbers and such other customer authentication and verification codes issued to or generated by You, from Identity thieves. 5.3 You represent that You would not hold the Bank responsible if You incur loss due to Your Identity theft attributable to Your lack of diligence. 5.4 Further by signing this agreement, You represent to the Bank that Bank is not required to satisfy itself by enquiry that You have necessary sophistication and the Bank is entitled to assume that You have the sophistication. 5.5 You represent that You understand the difference between different options such as viewing options and transaction options and consequence of exercise of those options over Internet and You would not blame the Bank for any loss, if Your choice of options turns out to be wrong.