The following rules apply:
A payment order described in subsection (b) is accepted;
The originator's payment order described the beneficiary inconsistently by name and number; and
The beneficiary's bank pays the person identified by number as permitted by subdivision (b)(1);
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Part 2 - Issue and Acceptance of Payment Order
§ 47-4A-201. Security Procedure
§ 47-4A-202. Authorized and Verified Payment Orders
§ 47-4A-203. Unenforceability of Certain Verified Payment Orders
§ 47-4A-205. Erroneous Payment Orders
§ 47-4A-207. Misdescription of Beneficiary
§ 47-4A-209. Acceptance of Payment Order
§ 47-4A-210. Rejection of Payment Order
§ 47-4A-211. Cancellation and Amendment of Payment Order
§ 47-4A-212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order