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Smita paid $100 for textbooks at the college bookstore by check. She incorrectly wrote the number $1,000.00 on the check rather than $100.00. She correctly wrote the words “one hundred and no cents.” When Smita received her bank statement, she saw the check had been cashed for $1,000 and not for $100. She notified the bookstore of the error, but the bookstore refused to refund the $900 over-payment. Can Smita require the bank to credit her account for $900? Explain.

Sagot :

anthougo

Smita may require the bank to recover the overpayment through the bookstore's bank but cannot require the bank to credit her account for $900.

How to handle check disputes?

Handling check disputes requires professionalism.  Proper channels and procedures must be followed.

In this case, both Smita and the bank were at fault for not noticing the difference in amount and figure.

Ordinarily, the bookstore should not refuse to refund the $900 over-payment because it is aware of the amount of its invoice.

However, when Smita meets with a refusal from the bookstore, she should confront the bank squarely to follow official procedures.

Thus, Smita may require the bank to recover the overpayment from the bookstore through the bookstore's bank but cannot require the bank to credit her account for $900 because the fault lies on both and the law does not permit the bookstore to keep the overpayment.

Learn more about handling disputes at https://brainly.com/question/11661512

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