An obligated bank that wrongfully refuses to pay a cashier's check is liable to the person who asserts the right to enforce the check for expenses,loss of interest resulting from non-payment,and consequential damages.
Correct Answer:
Verified
Q21: Certified checks are payable at any time
Q22: Assume a drawer gives an incomplete check
Q23: A bank that pays a stale check
Q24: Once a check becomes stale,the bank is
Q25: A bank is not obligated to certify
Q27: A bank's refusal to certify a check
Q28: Drawers sometimes write checks that omit certain
Q29: The drawer can stop payment on a
Q30: A check is a certified check when
Q31: Banks are liable for any damages caused
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