For improper execution or failure to execute payment orders,banks can be liable:
A) to the originators,for their expenses in the transaction along with incidental expenses and interest losses.
B) to the beneficiaries,for their incidental expenses.
C) to the originators,for consequential damages.
D) to both the originators and beneficiaries,for consequential damages even though the written agreement of the receiving bank does not provide for it.
Correct Answer:
Verified
Q40: Bob makes a check for $100 in
Q41: What are the different electronic funds transfer
Q41: Which of the following is an electronic
Q43: The EFTA differs from the FCBA regarding:
A)consumer's
Q43: Explain the difference between a certified check,
Q44: Describe the limitations on the bank's right
Q45: Which of the following statements is true
Q46: Describe the provisions of the Electronic Funds
Q48: Will a drawee bank be liable to
Q49: Which article of the Uniform Commercial Code
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