Multiple Choice
Fact Pattern 17-1
Echo takes her car to Fix-It, Inc., which repairs the car and bills Echo for $500. Echo writes out a check drawn on Capital Bank, but later, believing that Fix-It did not repair the car properly, issues a stop-payment order.
-Refer to Fact Pattern 17-1.Capital Bank pays the check.Capital
A) can sue Echo for a wrongful stop-payment order.
B) can sue Fix-It for breach of contract.
C) can sue no one because it paid a check that was not properly payable.
D) is liable for Echo's loss due to the wrongful payment.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A written stop payment order is valid
Q15: Certified checks are instruments that have been
Q16: The first bank to receive a check
Q30: Ian buys a cell phone in Jiffy
Q31: Generally,the funds represented by a deposited local
Q33: The bank on which a check is
Q48: A bank cannot recover from a holder
Q52: Generally, a bank has no obligation to
Q63: Dan writes a check to Emma on
Q78: A bank that pays a customer's check