Author Question: Bank One wrongfully dishonored a check that its customer, Brian, had written. Their contract ... (Read 68 times)

jCorn1234 · **on:** Jun 24, 2018

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