If a bank receives a properly drawn and payable check,there are sufficient funds to cover the check,and the bank wrongfully dishonors the check:
A) the bank may be liable to the drawer only for the actual damages suffered by the drawer.
B) the bank may be liable to the drawer only for the consequential damages suffered by the drawer.
C) the bank is not liable for any damages to the drawer unless the bank dishonored the check intentionally,knowing it to be properly drawn and payable.
D) the bank may be liable to the drawer for actual and consequential damages suffered by the drawer.
Correct Answer:
Verified
Q13: Even if the drawer is negligent and
Q16: The drawee bank does not have the
Q17: In the case of a bank that
Q18: A cashier's check is similar to a
Q19: The Check Clearing for the 21st Century
Q21: If a drawee bank certifies a check,which
Q22: Under the Revised Article 4:
A)a postdated check
Q23: A check drawn by a credit union
Q24: A written stop-payment order:
A)is valid for only
Q25: On August 1,1990,Lisa wrote a check for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents