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The Mechanics Bank refused to pay a check drawn upon it by Clyde, one of its depositors.Which of the reasons below is not a proper defense for the bank to assert when it refused to pay? A. The bank believed the check to be an overdraft as a result of its misdirecting a deposit made by Clyde. B. The party attempting to cash the check did not have proper identification. C. The required endorsement of an intermediary transferee was missing. D. Clyde had orally stopped payment on the check. |