Carolina Court Protects Bank That Allows Anomalous Withdrawals By Apparently Incompetent Elder Customer

LexisNexis (October 3, 2018, 11:50 AM EDT) -- We are seeing more and more litigation involving banks which allow problematic withdrawals by apparently incompetent customers. Is the bank liable in negligence for allowing such withdrawals? Conversely, can the bank be held liable for wrongful dishonor if it if it refuses to allow unusually large withdrawals by an elderly or disabled customer? Are there UCC provisions that come into play? Has the state where the bank is located enacted a non-UCC statute that gives the bank protection? A good recent case from North Carolina protects the bank from liability....