What is the banks duty to honor checks that are overdraft, posted dated, stale check, stop-payment order, death or incompetence of a customer, forged signature or alteration
- overdraft: the bank has the right to charge a customer for any items properly payable
- Postdated check: the bank may charge a postdated check against a customer's account, unless the customer notifies the bank of the postdating in time to allow the bank to act on the customer's notice before paying on the check
- Stale Check: the bank is not obligated to pay an uncertified check presented more than six months after its date, but the bank may do so in good faith without liability
- stop-payment order: the customer must make a stop-payment order in time for the bank to have a reasonable opportunity to act
- Death or incompetence of a customer: if the bank does not know of the death or incompetence of a customer, the bank can pay an item without liability
- Forged signature or alteration: The customer has a duty to examine account statements with reasonable care on receipt and to notify the bank promptly of any forged signatures or alteration