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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.
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Yes Kitchen Corporations check violated its duty to stop payment on the check When Kitchen Corporati...
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