Which of the following was the result on appeal in The Twin City Bank v. Kenneth Isaacs, the case in the text 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) That the bank could not be held liable for damages because it was recouping its own losses.
B) That the bank could not be held liable under common law because of its contractual agreement with the depositors and that the UCC was inapplicable.
C) That the bank could be held liable but only up to $1,000.
D) That the bank could be held liable for actual damages but not for mental anguish.
E) That the bank could be held liable for financial losses and also for mental anguish.
Correct Answer:
Verified
Q30: Which of the following is false regarding
Q31: Which of the following was the result
Q33: Which of the following is false regarding
Q34: Which of the following is true regarding
Q36: Which of the following is a promise
Q36: Which of the following is an order
Q37: Which of the following is true regarding
Q38: Under the UCC an instrument "payable on
Q39: A certificate of deposit is _ of
Q40: Which of the following satisfies the currency
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