Small Bank mistakenly dishonors a $5,000 check written by its customer,Wanda,to Hyram Real Estate as a down payment for a new home.As a result of the dishonor,Wanda's closing is delayed by thirty days.She incurs $500 extra rental expenses,$1,000 in attorney's fees and home mortgage interest rates increase by one half percent before her closing.Hyram deposited the $5,000 check in its account and suffered $300 in NSF charges when credit for the deposit was withdrawn.Discuss the liability of Small Bank to Wanda and Hyram.

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The Answer of Small Bank mistakenly dishonors a $5,000 check written by its customer,Wanda,to Hyram Real Estate as a down payment for a new home.As a result of the dishonor,Wanda's closing is delayed by thirty days.She incurs $500 extra rental expenses,$1,000 in attorney's fees and home mortgage interest rates increase by one half percent before her closing.Hyram deposited the $5,000 check in its account and suffered $300 in NSF charges when credit for the deposit was withdrawn.Discuss the liability of Small Bank to Wanda and Hyram.

Small Bank Mistakenly Dishonors a $5,000 Check Written by Its