On August 2 Morty bought a computer. He wrote out the following check: What are the possible consequences if the Good Computer Store deposits the check on August 3? What are the possible consequences
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On August 2 Morty bought a computer. He wrote out the following check:
What are the possible consequences if the Good Computer Store deposits the check on August 3? What are the possible consequences if the store lost the check and then found it and tried to deposit it on December 15th?
Also, on August 2 Morty paid his rent, writing out the following check:
As soon as he handed over his rent check, he got a call from his girlfriend – she decided to break up with him. Discouraged Morty decided to take a vacation. He issued a written stop payment to his bank on the rent check because he intended to use the $1,500 for a vacation. Although the drawee bank was given enough notice, it made an error and paid the rent check instead of stopping payment.
What is the likely outcome of a lawsuit by Morty against his bank?
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