Henry buys Frank's used car for $5,000. The car is in great shape and Henry leaves town in it. Henry paid Frank with a cashier's check, but later decided that he would rather not pay at all. Accordingly, Henry told the bank the check was stolen. What rights, if any, does Frank have, and what liabilities and other problems, if any, does Henry face?

Cashier's Check

A check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier or teller.

Stolen Check

A check that has been taken unlawfully from its rightful owner, potentially leading to unauthorized transactions.

Bank Notification

A message or alert sent by a bank to inform its customers of specific account activities or changes.