Adriana buys three $300 television sets from Gail, paying with a check. That night, one of the
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Adriana buys three $300 television sets from Gail, paying with a check. That night, one of the sets explodes.
Adriana phones City Bank, the drawee, and orders a stop payment. The next day, Gail presents the check to the bank for payment. If the bank honors the check, it must recredit Adriana’s account for
a. $300.
b. $900.
c. nothing because the stop-payment order was oral.
d. nothing because Gail did not present the check until the next day.
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The correct answer is d nothing because Gail did not present the check until the next day When ...View the full answer
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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