Scott D. Leibling gave his bank, Mellon Bank, an oral stop payment order. Nineteen months later, the
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Scott D. Leibling gave his bank, Mellon Bank, an oral stop payment order.
Nineteen months later, the check emerged and Mellon Bank honored it.
Leibling has filed suit against Mellon Bank for acting unreasonably under the circumstances. Is Mellon Bank liable to Leibling for paying the 19-month-old check when there was an oral stop payment order? Discuss your reasons for your answer. [Leibling, P.C. v Mellon, PSFS (NJ) N.A., 311 NJ Super 651, 710 A2d 1067, 35 UCC2d 590]
Chapter 31 Checks and Funds Transfers 713 AppendixLO1
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Related Book For
Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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