Tomas in a criminal prosecution.
Urban Bank in a civil suit.
Urban Bank in a criminal prosecution.
Dhani signs a check “pay to the order of Eton” drawn on Dhani’s account in Fidelity Guaran
ty Bank and dates the check “May 1.” Eton presents the check to the bank for payment the follow
ing December 15. This is
O’Shea issues a check drawn on Prime Bank to Quality Equipment Supply to pay for a back
hoe. Later, O’Shea discovers a defect in the backhoe and orders the bank to stop payment on the c
heck. O’Shea does not renew the order, and the bank clears the check eight months later. The ban
must recredit O’Shea’s account.
must obtain funds from Quality to cover the amount of the check.
must substitute acceptable goods.
need not recredit O’Shea’s account.
Gillian writes a check to Harris as payment for a video game player but soon discovers the p
layer is broken. She goes to the drawee bank and orally authorizes Ilene, a bank officer, to stop pa
yment on the check. This order is valid for
Gary writes a check drawn on Hilltop Bank for $400 “payable to Ivan” on May 1. Gary dies
on May 3. Ivan presents the check to the bank on May 5. Unaware of Gary’s death, the bank