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Question
Hailey wrote a check for Marsha, her landlady, on July 7 and dated it for August 1. Hailey notified her bank to not honor the check before August 1. However, the bank honored the check when Marsha presented it on July 29. Due to insufficient funds, the bank turned down the check and charged $50 to Hailey's account. Marsha terminated Hailey's rental contract for writing her a bad check. Which of the following is true of this situation?
A. The bank is not liable for any damages to Hailey since it has the right to honor a postdated check if presented earlier.
B. Hailey can file a lawsuit against Marsha for presenting a postdated check earlier than instructed and causing her loss.
C. Hailey is liable to pay damages to Marsha, in addition to the rent, and a $50 fine to the bank for lack of funds.
D. The bank is liable to pay Hailey damages for honoring the check before the date mentioned in the notice.
Answer
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