UCC Provisions Leave Room For Elder Financial Abuse

By J.P. McGuire Boyd (June 30, 2023, 2:20 PM EDT) -- On May 15, in the case of In re: Cook, the U.S. District Court for the Eastern District of Virginia affirmed a basic principle of deposit banking, which is that in the absence of an express agreement, a depository bank owes no duty to second-guess or reject an elder customer's payment order....

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