Multiple Choice
Shankar purchased a new car from Friendly Fred's Autos. Fred indorsed the check to Maya for value. Maya presented the check to the bank, and the bank cashed the check. Later, Shankar 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 Shankar for paying the amount of the check to Maya
B) Shankar would not be able to have his account recredited
C) Maya must return the funds to the bank
D) Shankar can prove that he has sustained a loss
Correct Answer:
Verified
Correct Answer:
Verified
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