Question: J. E. B. Steward received a check in the amount of $185.48 in payment of a fee from a client. Stewart presented the check, properly

J. E. B. Steward received a check in the amount of $185.48 in payment of a fee from a client. Stewart presented the check, properly indorsed, to the Citizen's & Southern Bank. The bank refused to cash the check even though there were sufficient funds in the drawer's account. Stewart then sued the bank for actual damages of $185.48 for its failure to cash a valid check drawn against a solvent account in the bank. Does Stewart have a good cause of action against the bank?

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No under Section 3409 a check is not an assignment of funds i... View full answer

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