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
C
You might also like to view...
A Gantt chart is a project schedule that superimposes project activities on a time line
Indicate whether the statement is true or false
Lawsuits under Section 10(b) must be brought within __________ of the date the plaintiff discovered or should have discovered the facts constituting the violation or within __________ of the date of the violation, whichever is earlier
a. two years; five years b. six months; one year c. two years; three years d. one year; two years
When a company establishes a program to recycle or reuse products discarded or returned from
customers it is typically called which of the following? A) resupply planning B) reverse supply chain C) customer servicing D) product return contract
What are the advantages and disadvantages of serving a foreign market through a greenfield foreign direct investment compared to an acquisition of a local firm in the target market?
What will be an ideal response?