Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Kitchen Corporation sent a check to Overseas Equipment Company for payment of equipment ordered. When the check was reported as being lost, Kitchen Corporation wrote

Kitchen Corporation sent a check to Overseas Equipment Company for payment of equipment ordered. When the check was reported as being lost, Kitchen Corporation wrote to its bank asking it to stop payment on the check. Kitchen Corporation then sent the money to the equipment company by wire transfer, which was received. However, 13 months later, the original check emerged and Kitchen Corporation's bank paid it, deducting the funds from Kitchen Corporation's checking account. 



Did Kitchen Corporation's check violate its duty to stop payment on the check? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Yes Kitchen Corporations check violated its duty to stop payment on the check When Kitchen Corporati... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students explore these related Finance questions