Unformatted text preview: and the consumer’s right to documentation. 28. No. Tom gave the bank an oral stop order, which was good only for 14 days. Tom did not renew the order or submit a written order. Thus, the bank was free to pay the check. This is true even though Tom presumably had a good defense against Smith. 29. The bank has violated the act, which says that checks drawn by a state must be made available to a depositor on the next day after the date of deposit. This is "under certain conditions," but the text says that no such conditions apply here. Business Law and the Regulatory Environment, 11E 57...
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- Spring '09
- Cheque, Tom, electronic fund transfers, electronic transfers, oral stop order