I am an attorney representing [Name of Bank Removed]. One of the Bank's customer's presented a check, which he claimed was from an inheritance. The check was drawn on a foreign bank in Canada. The bank placed a 15 day hold. Two months later, the check was determined to be counterfeit. I am attempting to sue the customer for the amount owing. It is my understanding that the UCC does not apply due to the fact that it is a foreign check. I am contemplating suing under an unjust enrichment and fraud theory. Any other ideas regarding a cause of action against the customer?
What is the bank's responsibility (versus a customer's) for a counterfeit cashier's check, versus a counterfeit US Postal MO versus a counterfeit personal check? I have read and researched the UCC but cannot find what I believe to be a clear answer.
What is the best way to train tellers on detecting counterfeit currency?
We are receiving Security Alerts daily regarding counterfeit cashiers checks. Would this fall into the exception reason of "Reasonable cause to doubt collectibility" for out of state cashier's checks deposited to our customers accounts where we can place extended holds on these checks?