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Bank Not Liable for Church Check (access required)

A Norfolk church, Garden of Prayer, was a holder in due course of a $400,000 cashier’s check that was not honored by defendant Wells Fargo bank, but Wells Fargo is not liable to Garden of Prayer as it complied with Va. Code § 8.3A-312(c) and could permissibly dishonor the check, as the “lost” check was ...