Raj Owed $5000 to Monica

Multiple Choice

Raj owed $5000 to Monica.In payment of that debt, he gave her a cheque for that amount that was drawn on his account at the Bank of Regina.In fact, his account only held $3000 worth of credits.Which of the following statements is TRUE?

A) Raj's cheque is countermanded.
B) Although it is required to pay $5000 to Monica, the Bank of Regina can sue Raj for breach of contract.
C) The Bank of Regina will probably pay $3000 to Monica.
D) Raj has effectively asked the Bank for a loan which may or may not be granted.
E) Raj will be entitled to sue the Bank of Regina if it pays any money to Monica.