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Equipment Company bought equipment from Wells and paid him with a check drawn on Citizens Bank. When the equipment was not delivered the next day,
Equipment Company bought equipment from Wells and paid him with a check drawn on Citizens Bank. When the equipment was not delivered the next day, Equipment Company stopped payment on the check. Wells cashed the check at his own bank, Fargo Bank. When the check was presented to Citizens Bank, it refused to honor the check because of the stop order. Can Fargo Bank successfully collect from Wells? Why or why not?
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