Which of the following was the result on appeal in The Twin City Bank v.Kenneth Isaacs,the case in the textbook in which the bank appealed a judgment against it for significant damages after the bank wrongfully held funds of depositors who had been the victim of check forgery?
A)The bank could not be held liable for damages because it was recouping its own losses.
B)The bank could not be held liable under the common law because of its contractual agreement with the depositors,and the Uniform Commercial Code was inapplicable to the facts of the case.
C)The bank could be held liable,but only up to $1,000.
D)The bank could be held liable for actual damages,but not for mental anguish.
E)The bank could be held liable for financial losses and mental anguish.

Question

Quizplus · Accepted Answer

According to the Supreme Court of Arkansas,a bank that wrongfully dishonors a check of an account holder is liable for: a)any amounts of money wrongfully held by the bank and remaining unpaid; b)any mental anguish and embarrassment suffered by the account holder; and c)any financial losses sustained by the account holder.

Which of the Following Was the Result on Appeal in the Twin