BANKS AND BANKING -- STOP-PAYMENT ORDERS RELEASING BANK FROM LIABILITY FOR "INADVERTENT" PAYMENT

Authors

Abstract

In an action by a depositor against his bank for money paid out on a check in violation of a stop-payment order, the bank interposed the defense that the terms of the order excused it if it should pay through "inadvertence or accident," and that the check was so paid. It was held that the bank was not liable. Hodnick v. Fidelity Trust Co., (Ind. App. 1932) 183 N. E. 488.

Recommended Citation

BANKS AND BANKING -- STOP-PAYMENT ORDERS RELEASING BANK FROM LIABILITY FOR "INADVERTENT" PAYMENT, 32 Mich. L. Rev. 263 (1933).
Available at: https://repository.law.umich.edu/mlr/vol32/iss2/10