Asked by Dominique Harris on May 01, 2024
Verified
In the case in the text,Anderson v.Branch Banking and Trust Company,why did the court find in favor of the bank?
A) The plaintiffs failed to timely respond to the bank's motion to dismiss.
B) The plaintiffs waived any liability the bank would have had.
C) The plaintiffs failed to comply with the notice requirement under the contract.
D) The plaintiffs could not show that the bank failed to use ordinary care.
Notice Requirement
Legal obligations that mandate certain information be given to relevant parties in specific situations, often within a defined timeframe.
Ordinary Care
The level of attention, caution, and prudence that a reasonable person in similar circumstances would exercise to avoid harm.
- Identify legal principles and bank policies on the handling of checks and stop-payment orders as illustrated through case law.
Verified Answer
ML
Monyea LeoneMay 08, 2024
Final Answer :
C
Explanation :
Regardless of which party may have been negligent,a customer must discover and report to the bank any unauthorized customer's signature or any alteration within one year from the time after the statement or items are made available to him.
Learning Objectives
- Identify legal principles and bank policies on the handling of checks and stop-payment orders as illustrated through case law.