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Question
Jim gave a postdated check dated December 30 to one of his creditors on December 22. However, the check was presented to Jim's bank on December 24, 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 27, and hence, the check bounced. The bank charged Jim a $20 fee for the bounced check. What is the bank's liability regarding this bounced check?
A. The bank has no liability.
B. The bank must compensate Jim for any losses that result from this bounced check.
C. The bank is liable, but only for the $20 bank charge related to the bounced check.
D. The bank is liable, but only for the immediate, direct damages that result from the bounced check.
Answer
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