Ifa receiving bank has received payment from the receiving bank’s customer with respect toapayment order issued in the name of thecustomer assender and accepted by thereceiving bank, and the customer received notificationreasonably identifying the order, the customer is precluded from asserting that the receiving bank isnot entitled to retain the payment unless the customer notifies the receiving bank of the customer’s objection to the payment within one year after the notification was received by the customer.
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