Blocking Payment on a Certified, Cashier's, or Bank Check

Authors

Michigan Law Review, University of Michigan Law School

Abstract

When disputes arise between buyers and sellers over completed commercial transactions and payment has been delivered to the seller in the form of a negotiable instrument, a dissatisfied buyer may seek to suspend the instrument's payment obligation. By blocking payment the buyer strengthens his bargaining position and prevents the seller from dissipating the proceeds of the sale before the buyer can establish the merit of his claim. Blocking payment forces the seller to enforce the commercial agreement through court action or satisfy the buyer's grievances.

Recommended Citation

Michigan Law Review, Blocking Payment on a Certified, Cashier's, or Bank Check, 73 Mich. L. Rev. 424 (1974).
Available at: https://repository.law.umich.edu/mlr/vol73/iss2/4