Refer to Fact Pattern 27-1A. Capital Bank
A. is liable to Fix-It for the amount of the check.
B. must stop payment if Capital has a reasonable time to act.
C. need not stop payment unless Echo had a valid reason to act.
D. need not follow Echo’s order unless the check was certifieD.
Answer:B
Refer to Fact Pattern 27-1A. Capital Bank
A. is liable to Fix-It for the amount of the check. B. must stop payment if Capital has a reasonable time to act. C. need not stop payment unless Echo had a valid reason to act. D. need not follow Echo’s order unless the check was certifieD.