If a bank pays a check after it is given a stop-payment order and has to reimburse its customer for the improperly paid check, _____.
A) it acquires all the rights of its customer against the person to whom it originally made payment
B) it will not acquire the rights arising from the transaction on which the check was based
C) it acquires partial rights of its customer against the person to whom it originally made payment
D) the customer to whom payment was made will retain all the rights
Correct Answer:
Verified
Q26: A person may stop payment on a
Q27: Which of the following is true of
Q28: A check drawn by a credit union
Q29: A bank that knows of a customer's
Q30: Under revised Article 3 of the Uniform
Q32: A written stop-payment order is:
A) valid for
Q33: Eli draws a check for $1,500 on
Q34: A check on which a bank is
Q35: Sasha drew a check payable to the
Q36: According to the revised Article 4 of
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