Yasmin tries to make a $75 withdrawal from an ATM, which is well within his daily allowed limit and less than the amount in his account, but he is unable to withdraw the money because the terminal has run out of cash. The bank is liable to Yasmin for damages proximately caused by its failure to make the EFT.

Question

Yasmin tries to make a $75 withdrawal from an ATM, which is well within his daily allowed limit and less than the amount in his account, but he is unable to withdraw the money because the terminal has run out of cash. The bank is liable to Yasmin for damages proximately caused by its failure to make the EFT.

Quizplus · Accepted Answer

The bank is not liable for damages in this scenario because the failure to complete the electronic fund transfer (EFT) is due to the ATM running out of cash, which is considered an external condition beyond the bank's direct control, rather than a failure in the bank's EFT system or a breach of contract.

Yasmin Tries to Make a $75 Withdrawal from an ATM, Which