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A Gives B a Check...

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A gives B a check and B deposits it into his account at his bank. Forty-five days later A's bank asks for the money back from B's bank. There are no affidavits of forged signature, forged endorsement, alteration or anything else. A's bank executes an indemnity agreement in favor of B's bank. B's bank returns the funds to A's bank creating an overdraft in B's checking account. Is this standard practice/procedure?

This is not standard practice/procedure and I would contact an attorney.

First published on 2/16/09

First published on 02/16/2009

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