Raj Owed $5000 to Monica

Raj owed $5000 to Monica. In payment of that debt, he gave her a cheque for that amount that was drawn on his account at the Bank of Regina. In fact, his account only held $3000 worth of credits. Which of the following statements is TRUE?

A) Raj will be entitled to sue the Bank of Regina if it pays any money to Monica.
B) The Bank of Regina will probably pay $3000 to Monica.
C) Although it is required to pay $5000 to Monica, the Bank of Regina can sue Raj for breach of contract.
D) Raj's cheque is countermanded.
E) Raj has effectively asked the Bank for a loan.