Busines Law II

need help with this 2 questions

Business law II

this is a small case study from chapter 24 and this is the only information that i can provide the texbook does not provided anythig else i just need help with question 9 and 10

9. Franklin, a depositor of the Milltown Bank, orally ordered the bank cashier to stop payment on a check he had issued. The check was issued in payment for goods that were not received. Franklin learned that the seller was a notorious confidence man. The cashier, in turn, notified the tellers that an oral stop order had been given. Ten days later, one of the tellers, who was not paying much attention to his business, paid the seller's wife, who had been sent to the bank to cash the check for the seller. Franklin, while examining his canceled check at the end of the month, discovered the error and promptly demanded that his account be credited for the amount of the check. Is he entitled to the credit? Why? 10. Men's Wear drew a check payable to Zino & Co. When Zino did not receive the check in the mail, Men's Wear placed a stop-payment order in writing with Drawee Bank. Approximately one year later, Drawee Bank paid on the check to a collecting bank and charged Men's Wear's account. Men's Wear had not renewed its stop-payment order. Is Drawee Bank liable to Men's Wear for failing to honor the stop-payment order? Why or why not? 7. On January 29, Edwards, a wholesale grocer, made a Large deposit in cash to his account at Cattlemen's Bank In error, Edwards' deposit was posted to the account of Edmunds, another depositor. On the following day, Nevins, a local producer-jobber, deposited a check to his account at Watermill Bank drawn on Cattlemen's Bank to Nevins's order by Edwards. When the check was presented for payment Cattlemen's Bank refused to honor it and stamped it "Insufficient Funds Watermill Bank promptly returned the check to Nevins. # Edwards's deposit on January 29 had been property posted, his bank account balance would have been substantially greater than the amount of his check to Nevins. Edwards sued the Cattlemen's Bank for dam ages. What should this recovery be? Why? Should Edwards recover? 8. The facts are as in Problem 7. Assume that (a) Edwards check had been given to Nevins in payment for a car load of produce that Edwards had arranged to resell at a large profit: (b) the bank was aware of this: () on dis. honor of the check, Nevins stopped the goods in transit: and (d) Edwards as a result lost his profit on the resale of the goods. May Edwards recover such fost profits from the bank? Explain 9. Franklin, a depositor of the Milltown Bank, orally ordered the bank cashier to stop payment on a check he had issued. The check was issued in payment for goods that were not received. Franklin leamed that the seller was a notorious confidence man. The cashier, in tum, notified the tellers that an oral stop order had been given. Ten days later, one of the tellers, who was not paying much attention to his business, paid the seller's wife, who had been sent to the bank to cash the check for the seller. Franklin, while examining his canceled check at the end of the month, discovered the error and promptly demanded that his account be credited for the amount of the check. Is he entitled to the credit? Why? 10. Men's Wear drew a check payable to Zino & Co. When Zino did not receive the check in the mail, Men's Wear placed a stop payment order in writing with Drawee Bank. Approximately one year later, Drawee Bank paid on the check to a collecting bank and charged Men's Wear's account. Men's Wear had not renewed its stop payment order. Is Drawee Bank liable to Men's Wear for failing to honor the stop payment order? Wiwy or why not