The Main Difference Between a Certified Check and a Cashier's

question 73

True/False

The main difference between a certified check and a cashier's check is that the bank is primarily liable on a certified check,but only secondarily liable on a cashier's check.

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Definitions:

Damages

Financial compensation awarded to a person as a remedy for harm caused by another's act or failure to act.

Awards

Recognitions or prizes given for accomplishments or merits in various fields, including arts, sciences, and sports.

Quantum Meruit

A legal principle where someone is paid for the value of work or services performed, when there hasn't been a specified contract about payment.

Monetary Compensation

Payment made in the form of money to settle a claim, compensate for damage, work done, or injury.