wrongful dishonor

wrongful dishonor
wrongful dishonor n: a wrongful refusal by a payor bank to honor an item that is properly payable
a payor bank is liable to its customer for damages proximately caused by the wrongful dishonor of an itemUniform Commercial Code

Merriam-Webster’s Dictionary of Law. . 1996.

Игры ⚽ Нужно решить контрольную?

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  • Wrongful Dishonor — A bank s failure to honor a valid negotiable instrument such as a check or draft that has been presented to it for payment. If the check is valid and there are sufficient funds in the account to cover it, a bank s failure to honor it within the… …   Investment dictionary

  • dishonor — dis·hon·or 1 n: refusal on the part of the issuer (as a bank) to pay or accept commercial paper (as a check) when it is presented see also wrongful dishonor dishonor 2 vt: to refuse to pay or accept a bank dishonor ing the checks for insufficient …   Law dictionary

  • wrongful — Injurious, heedless, unjust, reckless, unfair; it implies the infringement of some right, and may result from disobedience to lawful authority. Buhler v. Marrujo, 86 N.M. 399, 524 P.2d 1015, 1019. See also tort @ wrongful abuse of process See… …   Black's law dictionary

  • dishonor — To refuse to accept or pay a draft or to pay a promissory note when duly presented. An instrument is dishonored when a necessary or optional presentment is duly made and due acceptance or payment is refused, or cannot be obtained within the… …   Black's law dictionary

  • dishonor — To refuse to accept or pay a draft or to pay a promissory note when duly presented. An instrument is dishonored when a necessary or optional presentment is duly made and due acceptance or payment is refused, or cannot be obtained within the… …   Black's law dictionary

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  • abuse — 1 /ə byüz/ vt abused, abus·ing 1: to put to a use other than the one intended: as a: to put to a bad or unfair use abusing the powers of office b: to put to improper or excessive use abuse narcotics …   Law dictionary

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