E-Commerce and the Law - The End of The Float?' Consumers who rely on "float" (the time it takes for a check to go through the traditional check-clearing process and be paid) have a limited amount of time to enjoy the delay it affords. Businesses in many parts of the country are testing new technology that speeds the check-clearing process. Soon, float might be an outdated tradition. Nevada State Bank, for instance, allows businesses that purchase a special service to scan checks, send them electronically, and get the money for checks drawn on other banks much more quickly than they would otherwise; the delay in check processing is cut by 40 percent. Other banks are testing similar products and services. In some states, business can substitute electronic images of checks for the checks themselves. Here's how the process works: 1. A customer gives a check in payment for a product or service 2. the business scans the check and sends it to the bank providing the new check-clearing products and services. 3. the bank sends the image to the customer's bank, 4. the customer's bank prints a substitute check, and 5. the customer's payment is quickly deposited in the business's account at that business's bank. It remains to be seen what kinds of litigation will emerge from this expedited process. A. Can you think of at least two reasons that a customer may file a lawsuit against its bank because of the expeditated processing of their check? B. Can you name at least two benefits that he banks realize from this expedited processing of checks, according to chapter 4 ? C. Do you personally have any preference one way or the other to having your checks processed under this expedited processing? Discuss