When a bank wrongfully dishonors a check,both the drawer and the payee can recover reasonable damages from the bank.
Correct Answer:
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Q39: A cashier's check is a cancellable,non-negotiable instrument
Q40: Certified checks never become stale.
Q41: Federal currency reporting laws require financial institutions
Q42: Banks must credit all customers' deposits to
Q43: If a bank does not honor a
Q45: If the same wrongdoer engages in a
Q46: Written stop-payment orders are renewable for 90-day
Q47: The Uniform Commercial Code places the risk
Q48: When a payee or holder receives a
Q49: A forged check is never "properly payable."
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