In Commonwealth Trading Bank of Australia v Sydney Wide Stores,the High Court held that:
A) financial institutions do not have a duty to contact the drawer of a cheque to confirm if the amount payable is correct.
B) customers do not have a duty to draw cheques carefully.
C) financial institutions have a duty to pay a cheque that has been materially altered.
D) customers have a duty to draw cheques carefully to avoid material alterations.
Correct Answer:
Verified
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