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Author Question: Bank One wrongfully dishonored a check that its customer, Brian, had written. Their contract ... (Read 100 times)

jCorn1234

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Bank One wrongfully dishonored a check that its customer, Brian, had written. Their contract provided that Bank One would timely honor checks when there were sufficient funds in Brian's account. Brian had sufficient funds, but a bank employee had made an error in transposing account numbers. As a result, Brian's mortgage payment was late and he owed a late fee of 35. Who must pay the 35 late fee?
 A) Brian
 B) The mortgage company
 C) Bank One
 D) Brian and Bank One must split the fee

Question 2

Owners of a limited liability company:
 A) have unlimited liability for contracts entered into by the LLC.
 B) can transfer their membership as a personal property interest.
 C) cannot assume any management responsibilities.
 D) All of the above



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leahm14

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Answer to Question 1

C

Answer to Question 2

B




jCorn1234

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review


abro1885

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Reply 3 on: Yesterday
Wow, this really help

 

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