Question: Jim gave a postdated check dated December 3 0 to one of his creditors on December 2 2 . However, the check was presented to
Jim gave a postdated check dated December to one of his creditors on December However, the check was presented to Jim's bank on December and the bank honored it As a result, there was not enough money in his account to cover for another check he had written for December and hence, the check bounced. The bank charged Jim a $ fee for the bounced check. What is the bank's liability regarding this bounced check?
Group of answer choices
The bank has no liability.
The bank is liable, but only for the $ bank charge related to the bounced check.
The bank is liable, but only for the immediate, direct damages that result from the bounced check.
The bank must compensate Jim for any losses that result from this bounced check.
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