If a Bank Pays a Check After It Is Given

question 43

Multiple Choice

If a bank pays a check after it is given a stop-payment order and has to reimburse its customer for the improperly paid check, _____.

• A) it acquires all the rights of its customer against the person to whom it originally made payment
• B) it will not acquire the rights arising from the transaction on which the check was based
• C) it acquires partial rights of its customer against the person to whom it originally made payment
• D) the customer to whom payment was made will retain all the rights

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Definitions:

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