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     EduGorilla 
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    A temporary overdraft is allowed by the bank to a partnership firm for quite some time. The cheques issued by the firm are paid to the debit of this overdraft occasionally. A cheque is returned by the bank stating arrangement exceed although there was no debit balance in the overdraft account at the time of returning of the cheque. The bank has not given any prior notice to the customer for not allowing such facility any more. The firm claims damages from the bank.Which statement is true in this regard?

    Options :-

    1. Bank is liable for the damages as it has breached an implied contract without giving a notice to the party.
    2. Being temporary overdraft, bank is not under obligation to continue the overdraft for a long period. 
    3. Party cannot claim any damages.
    4. Party could not claim damages as it was a temporary overdraft.
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