Common use of Inconsistent Instructions Clause in Contracts

Inconsistent Instructions. In the event that we receive competing or inconsistent instructions regarding your account, we may refuse to honor any instructions until you provide us with any clarification we reasonably request. We may require you to sign an indemnification agreement and/or to post a bond satisfactory to us that will protect us for following your instructions. If you deposit a remotely created check (that is, a check that was not signed by the person on whose account it is drawn), you warrant that the person on whose account the check is drawn authorized the issuance of the check in the amount stated on the check and to the payee stated on the check.

Appears in 2 contracts

Sources: Deposit Account Agreement, Deposit Account Agreement