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Stop Payment – Buyers Remorse

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  • #33874
    timob1973
    Participant

    Here is the scenario:

    Our customer buys a ATV with a check. The customer is told that the ATV works and there are no issues with the ATV. Customer does not “inspect” the ATV to ensure that the ATV is in good working order. The next day when the customer goes to ride the ATV, the ATV does not start. Should the Bank accept a stop payment order from the customer due to buyers remorse? I’m not sure if a Bill of Sale was executed. I’m also aware that this may be a question of law. But any help would be appreciated.

    #33875
    timob1973
    Participant

    I think I found the answer in the UCC. UCC 4-303(a)(5).

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