For improper execution or failure to execute payment orders, banks can be liable to:
A. the originators for consequential damages.
B. the beneficiaries for their incidental expenses.
C. the originators for their expenses in the transaction along with incidental expenses and interest losses.
D. both the originators and beneficiaries for consequential damages, even though the written agreement of the receiving bank does not provide for it.
Answer: C
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