Karim writes a check to Lew but Karims bank accidently refuses to pay the check, despite the
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Karim writes a check to Lew but Karim’s bank accidently refuses to pay the check, despite the fact that Karim’s account has sufficient funds. As a result, Lew bounces Liability for Negotiable Instruments 635 many checks from his own account and has to pay substantial fees to his bank. Which of the following statements is true?
(a) Lew can recover damages from both Karim and Karim’s bank.
(b) Lew can recover damages only from Karim.
(c) Lew can recover damages only from Karim’s bank.
(d) Lew cannot recover any damages.
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The correct answer is a Lew can recover damages from both Karim and Karims bank In this scenario Lew ...View the full answer
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Related Book For 
Essentials Of Business Law
ISBN: 9781337404198
6th Edition
Authors: Jeffrey F Beatty, Susan S Samuelson
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