If a Bank Pays a Check After It Has Received

question 34

True/False

If a bank pays a check after it has received a stop-payment order and has to reimburse its customer for the improperly paid check, it acquires all the rights of its customer against the person to whom it originally made payment, except for rights arising from the transaction on which the check was based.

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Definitions:

Expiration

The end of the effective period of a contract, policy, or agreement, often referring to options, futures, or insurance contracts.

Grill Parts Kit

A set of components used for the maintenance, repair, or assembly of a grill.

Washers

are thin plates with a hole, typically used to distribute the load of a threaded fastener, such as a screw or nut.

Bolts

Fastening devices, typically made of metal, designed to secure or join two or more objects together through a pre-drilled hole, usually used with a nut.