Post Utme Noun 2025 Commerce Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Noun Commerce examination.

Post Utme Noun 2025 Commerce Objective / Multiple Choice

Question 19 POST_UTME_NOUN • 2025 • COMMERCE • objective

A bank has refused to honor a customer's check due to insufficient funds. Discuss the bank's liability in this scenario.

Correct Answer A. The bank is liable for any losses incurred by the customer as a result of the refused check.

B. The bank is not liable for any losses incurred by the customer as a result of the refused check.

C. The bank is liable for any losses incurred by the customer's creditors as a result of the refused check.

D. The bank is not liable for any losses incurred by the customer's creditors as a result of the refused check.

Correct Answer

Correct Option:

The bank is liable for any losses incurred by the customer as a result of the refused check.

This is Post Utme Noun 2025 Commerce Question 19. It is one of the objective questions from the 2025 Post Utme Noun Commerce examination.

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