Multiple Choice
Which of the following is an actual damage that a bank would be liable for when a bank wrongfully dishonors a check?
A) Charges imposed by retailers for returned checks
B) Damages for mental disturbance
C) Injury to the depositor's credit rating that results from the dishonor
D) All problems faced by the drawer
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Sasha drew a check payable to the
Q6: Eli draws a check for $1,500 on
Q7: Under revised Article 3 of the Uniform
Q8: Describe the limitations on the bank's right
Q9: A person may stop payment on a
Q11: Explain the difference between a certified check,
Q12: A check on which a bank is
Q13: For improper execution or failure to execute
Q14: Describe the provisions of the Electronic Funds
Q15: Normally, a drawee bank is not obligated