Krammer contracted to buy 15 boats from Elaine's Enterprises,Inc.To pay for the boats,Krammer issued a check payable to Elaine's Enterprises,Inc.The check was properly negotiated to Midtown Motors.Before the check is cashed,Krammer placed a stop payment order on the check.Krammer issued the order because the boats did not meet the contract specifications.The bank negligently paid the check over the valid stop payment order.Discuss the bank's liability.

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The Answer of Krammer contracted to buy 15 boats from Elaine's Enterprises,Inc.To pay for the boats,Krammer issued a check payable to Elaine's Enterprises,Inc.The check was properly negotiated to Midtown Motors.Before the check is cashed,Krammer placed a stop payment order on the check.Krammer issued the order because the boats did not meet the contract specifications.The bank negligently paid the check over the valid stop payment order.Discuss the bank's liability.

Krammer Contracted to Buy 15 Boats from Elaine's Enterprises,Inc