Emma calls her bank to issue an oral stop payment order on a check on March 1st. She then leaves town for two weeks to visit her mother. When she returns, she goes to the bank to sign a written stop payment order, but finds the bank has already paid the check. What recourse does she have? Explain.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q56: If Ben Stewart has a checking account
Q57: The Competitive Equality Banking Act:
A) allowed intermediary
Q58: A check drawn on a bank is
Q59: When a payor bank gets an item
Q60: If you lose your wallet along with
Q61: Mary receives her monthly bank statement on
Q62: What is the effect of a payor
Q63: What is electronic funds transfer? Why do
Q64: What are a payor bank's rights to
Q66: Theresa has just started working for Citizens
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents