Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

Exercise 2

At a book fair on August 15, Lee, an encyclopedia salesperson, talked Tanaka into purchasing a set of encyclopedias for $450. Tanaka gave Lee a check for $450. Later in the day, Tanaka changed her mind about purchasing the books and issued an oral stop-payment order to her bank. On September 1, Tanaka went to the bank and signed a written stop-payment order, but the bank had already honored the check on August 31. Tanaka demanded that the bank return the money to her account. Must the bank comply with Tanaka's demand?