Duties of the Beneficiary's Bank

This article explains the duties under Article 4A of the beneficiary's bank, including the circumstances under which the beneficiary's bank may incur liability with respect to a payment order it receives. The key concepts of "acceptance" and "rejection" of a payment ord...

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Veröffentlicht in:The Business lawyer 1990-06, Vol.45 (3), p.1467-1471
Hauptverfasser: Ballen, Robert G., Diana, Natalie H.
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container_end_page 1471
container_issue 3
container_start_page 1467
container_title The Business lawyer
container_volume 45
creator Ballen, Robert G.
Diana, Natalie H.
description This article explains the duties under Article 4A of the beneficiary's bank, including the circumstances under which the beneficiary's bank may incur liability with respect to a payment order it receives. The key concepts of "acceptance" and "rejection" of a payment order are defined.
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identifier ISSN: 0007-6899
ispartof The Business lawyer, 1990-06, Vol.45 (3), p.1467-1471
issn 0007-6899
2164-1838
language eng
recordid cdi_proquest_reports_228455098
source HeinOnline Law Journal Library; Periodicals Index Online; JSTOR Archive Collection A-Z Listing
subjects Bank accounts
Bank credit
Bank service charges
Banking industry
Banks
Business orders
Charge accounts
Clearing banks
Compliance
Federal Reserve Bank
Payments
Regulations
Reserve banking
Transfer of funds
Uniform Commercial Code-US
Wire transfer
title Duties of the Beneficiary's Bank
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