PAYMENT SYSTEMS CHECKLIST

Bank needs to check for sufficient funds only once . UCC § 4-402. If bank checks again, that determination controls . UCC § 4-402. No valid stop payment order . UCC § 4-403. If bank does not pay, bank wrongfully dishonored the check . UCC § 4-402. Discretionary Payment of Check . UCC § 4-401. Properly payable even if it creates an overdraft ................
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