Dynamite Enterprises, Inc. (Dynamite), a corporation doing business in Florida, maintained a checking account at Eagle National Bank of Miami (Bank). Dynamite drew a check on this account, payable to one of its business associates. Before the check had been cashed or deposited, Dynamite issued a written stop payment order to Bank. Bank informed Dynamite that it would not place a stop payment order on the check because there were insufficient funds in the account to pay the check. Several weeks later, the check was presented to Bank for payment. By this time, sufficient funds had been deposited in the account to pay the check. Bank paid the check and charged Dynamite’s account. When Dynamite learned that the check had been paid, it requested Bank to recredit its account. When Bank refused, Dynamite sued to recover the amount of the check. Who wins? Dynamite Enterprises, Inc. v. Eagle National Bank of Miami, 517 So. 2d 112, 1987 Fla. App. Lexis 11791 (Court of Appeal of Florida)
Answer to relevant QuestionsMr. Gennone maintained a checking account at Peoples National Bank & Trust Company of Pennsylvania (Bank). Gennone noticed that he was not receiving his bank statements and canceled checks. When Gennone contacted Bank, he ...Jessie Lynch became seriously ill and needed medical attention. Her sister, Ethel Sales, took her to the Forsyth Memorial Hospital in North Carolina for treatment. Lynch was ad-mitted for hospitalization. Sales signed ...Mike Thurmond operated Top Quality Auto Sales, a used car dealership. Top Quality financed its inventory of vehicles by obtaining credit under a financing arrangement with Indianapolis Car Exchange (ICE). ICE filed a ...Peter and Geraldine Tabala (Debtors), husband and wife, purchased a house in Clarkstown, New York. They purchased a Carvel ice cream business for $ 70,000 with a loan obtained from People’s National Bank. In addition, the ...Marc Brandon worked for Warner Bros. Entertainment, Inc. (Warner), as vice president of antipiracy Internet operations. Brandon drove his car from his home in southern California to the Burbank Airport, where he parked his ...
Post your question