Adriana buys three $300 television sets from Gail, paying with a check. That night, one of the

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

Question Posted: