For Improper Execution or Failure to Execute Payment Orders, Banks

question 13

Multiple Choice

For improper execution or failure to execute payment orders, banks can be liable to:

• A) the originators for their expenses in the transaction along with incidental expenses and interest losses.
• B) the beneficiaries for their incidental expenses.
• C) the originators for consequential damages.
• D) both the originators and beneficiaries for consequential damages, even though the written agreement of the receiving bank does not provide for it.