Which statement is true regarding the bank manager saying that the bank could not incur any liability for damages for the failure to stop payment on a check?
A) The manager is incorrect,and the bank will incur liability or damages suffered by a customer due to the failure to stop payment when a stop-payment order was properly provided,but only up to $1,000.
B) The manager is correct.
C) The manager is incorrect,and the bank will incur liability or damages suffered by a customer due to the failure to stop payment when a stop-payment order was properly provided.
D) The manager is incorrect,and the bank will incur liability or damages suffered by a customer due to the failure to stop payment when a stop-payment order was properly provided,but only up to $500.
E) The manager is incorrect,and the bank will incur liability or damages suffered by a customer due to the failure to stop payment when a stop-payment order was properly provided,but only up to $1,500.
Correct Answer:
Verified
Q73: Which of the following is true regarding
Q74: Which statement is true about traveler's checks?
A)They
Q75: Which of the following is true about
Q76: Which statement is correct regarding whether Tom
Q77: Which statement is correct regarding the bank
Q79: [Employee Theft] Tom operates a hardware store.Tom
Q80: What was the court's ruling in Fambrough
Q81: Is the bank required to stop payment
Q83: Is Ariel correct that the EFT charges
Q87: What are the six requirements for a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents