Check Collection. Robert Santoro was the manager of City Check Cashing, Inc, a check-cashing service in New Jersey, and Peggyann Slansky was the clerk. On July 14, Misir Koci presented Santoro with a 290,000 check signed by Melvin Green and drawn on Manufacturers Hanover Trust Co (a bank). The check was stamped with a Manufacturers certification stamp. The date on the check had clearly been changed from August 8 to July 7. Slansky called the bank to verify the check and was told that the serial number did not sound like one belonging to the bank. Slansky faxed the check to the bank with a query about the date, but received no reply. Slansky also called Green, who stated that the date on the check was altered before it was certified. Check Cashing cashed and deposited the check within two hours. The drawee bank found the check to be invalid and timely returned it unpaid. Check Cashing filed a suit in a New Jersey state court against Manufacturers and others, asserting that the bank should have responded to the fax before the midnight deadline in UCC 4-302 . Did the bank violate the midnight-deadline rule? Explain.
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