Practice question
A depositor proves a negligent debit that caused wrongful dishonor. He then demands every projected business loss without evidence of amount or causal connection, arguing high diligence makes all damages automatic. Which is best?
- Every claimed amount is automatically payable
- A high duty eliminates proof of loss
- The bank’s duty and breach do not dispense with the separate requirements for causation and the damages claimed
- No damages can ever be recovered against banks
- The depositor can fix the award by unilateral invoice
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, section 2
- https://lawphil.net/judjuris/juri2010/aug2010/gr_165339_2010.html — Equitable PCI Bank v. Tan, G.R. No. 165339, August 23, 2010, main opinion
Answer this question in flashcards to review your response and continue practicing.