Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Which of the following is true about a bank's liability to a customer for the wrongful dishonor of a check?

A. If a check has not been certified, the holder has no claim against the bank for the dishonor of the check.
B. A bank can dishonor a check even if there are sufficient funds to pay it.
C. A bank is protected from liability to a customer for the damages caused by wrongful dishonor of a check.
D. Dishonor of a check is not a breach of contract even if the customer has an overdraft protection clause.

Sagot :

GinnyAnswer

Final answer:

Understanding a bank's liability for dishonoring a check is crucial for both customers and banking operations.


Explanation:

A bank's liability to a customer for the wrongful dishonor of a check is an important aspect of banking operations. It is crucial for customers to understand their rights in such situations. Here are the correct statements:

  1. If a check has not been certified, the holder does have a claim against the bank for the dishonor of the check.
  2. A bank cannot dishonor a check if there are sufficient funds to pay it.

Therefore, it is essential for customers to be aware of their rights and for banks to adhere to the regulations governing dishonored checks.


Learn more about banking liability for dishonored checks here:

https://brainly.com/question/44032288


We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.