Did the drawee bank violate a duty it owed to templeton

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Reference no: EM131378996

On June 18, Templeton deposited in his bank account a $5,000 check that was payable to his order. The check reached the drawee bank through normal banking channels on June 22. That bank had received a stop-payment order on the check on May 15 and, therefore, refused to honor it.

It kept the check until June 28, when it returned it to Templeton with the notification that payment had been stopped. Did the drawee bank violate a duty it owed to Templeton? Explain.

Templeton v. First Nat'l Bank, 362 N.E.2d 33 (IL)

Reference no: EM131378996

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