PAYMENT SYSTEMS CHECKLIST - Webs

Payor Bank breaches warranty of expeditious return Reg. CC § 229. Encoding Warranties UCC § 4-209; Reg CC § 229. Person who encodes information on an item warrants to (1) subsequent collecting banks and (2) payor bank that encoded information is correct. If customer of bank is the encoder, than the customer's bank also makes the warranty ................
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