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Home / Opinion Digests / Commercial – Presentment Of Checks – Strict Liability – Standing (access required)

Commercial – Presentment Of Checks – Strict Liability – Standing (access required)

Although defendant bank failed to meet the statutory midnight deadline for paying or dishonoring three checks drawn on a trust account maintained by plaintiff title company's Virginia agent, the title company, who later became transferee of the original payees on the three checks, does not have standing to recover damages under the strict liability imposed ...

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