Multiple Choice
When a bank has wrongfully dishonored a check,the payee can:
A) sue the bank for recovery of the check amount, plus damages.
B) sue the drawer for recovery of the check amount, plus damages.
C) sue the drawer or the bank for recovery of the check amount, plus damages.
D) sue either the drawer or the bank for recovery of the check amount only.
E) sue the drawer for recovery of the check amount only.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: An oral stop-payment order is effective for
Q42: Article 4 of the Uniform Commercial Code
Q43: Assuming the bank has proper notice,which of
Q44: Why does the law generally place the
Q45: When a bank wrongfully dishonors a check,both
Q47: Bank checks are usually considered "as good
Q48: Which of the following is true?<br>A) All
Q49: Jenny has a checking account at Intrastate
Q50: When a drawee bank is presented with
Q51: The collection process is governed by Article