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(Solved): PROBLEM SET D Consider the following analytical problems related to improperly paid out checks [1] ...




PROBLEM SET D
Consider the following analytical problems related to improperly paid out checks
[1] Stop Payment Order
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PROBLEM SET D Consider the following analytical problems related to improperly paid out checks [1] Stop Payment Order . • • Number of errors on the stop payment form = 10 Check presented in the same branch/same city in which the SPO was received The bank had 10 days from the date that the SPO was given till the date the check was presented [200 [1] Is the A/H more likely / equally likely / less likely to recover from the bank for improper payment? Is the A/H more likely /equally likely / less likely to recover from the bank for improper payment? (CIRCLE) [2] Pursuant to which theory? (select from one of the four theories of bank-customer relations) [3] SHOW YOUR WORK BELOW (Make sure you depict the variables of the hypo in relation ose of the base-line):


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Answers Answer I. The A/H is more likely to recover from the bank for improper payment. The A/H wants to stop the payment and the bank wants the correct information. Both of them have different priorities. This is pursuant t
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