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Question
Bill purchased a new car from Friendly Fred's Autos. Fred indorsed the check to Shirley for value. Shirley presented the check to the bank, and the bank cashed the check. Later, Bill attempted to place a stop-payment order on the check because the car he purchased from Fred was defective. Under these circumstances:
A. the bank is liable to Bill for paying the amount of the check to Shirley.
B. Bill has no remedy against Shirley or the bank.
C. Shirley must return the funds to the bank.
D. Bill can prove that he has sustained a loss.
Answer
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Related questions
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