Essay
Krystyne bought a widget from Ryan.As payment, she gave him a cheque for $10 000 that was drawn on her account at the Bank of Windsor.Because she discovered that the widget was defective, Krystyne countermanded her cheque before Ryan presented it for payment.Due to a clerical error, the bank nevertheless honoured the cheque and paid $10 000 to Ryan.Is the bank entitled to debit Krystyne's account? Do you have enough information to answer that question?
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As a general rule, a bank is entitled to...View Answer
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