Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ucc, article3 Seller of goods insists on payment by cashier's check. The buyer of the goods went to Bank and withdrew the $29,000 in payment

ucc, article3

Seller of goods insists on payment by cashier's check. The buyer of the goods went to Bank and withdrew the $29,000 in payment and had Bank issue a cashier's check payable to the order of the Seller. Buyer then delivered the check to the Seller. The Seller did not timely deliver the goods but promised they would be delivered soon. The buyer then became concerned the Seller was guilty of fraud and demanded the cashier's check. Seller refused. Buyer next demands a stop payment because the money was withdrawn from the bank to pay for the check. What result if buyer sues Bank? Fully support your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Contract Law

Authors: Ewan McKendrick

13th Edition

1352005255, 978-1352005257

More Books

Students also viewed these Law questions

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago