Ray contracted to buy 10,000 T-bolts from Maynard for $15,000, COD. Maynard delivers the bolts on a Saturday and Ray writes him a check - even though Ray does not have funds to cover the check. Ray delivers a "stop payment" notice to the bank on Monday morning before the check arrives. What is true?
a. The bank may honor the check, because Ray issued the check in bad faith.
b. The bank may honor the check.
c. Maynard may recover damages from the bank if it honors the check.
d. Maynard may recover damages from the bank, unless it honors the check.
c
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