For Improper Execution or Failure to Execute Payment Orders,banks Can

question 11

Multiple Choice

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

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

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Definitions:

Population

The total number of individuals inhabiting a particular area or forming a particular group.

Cortisol

A steroid hormone produced by the adrenal glands, often referred to as the "stress hormone" because its levels increase in response to stress.

Norepinephrine

A neurotransmitter and hormone important in the body’s response to stress and for regulating mood, attention, and vigilance.

Flight-Or-Fight Syndrome

An acute stress response in which the body prepares to either confront or flee from an immediate threat.