Q: Jack stole a check made out to the order of Bertha.
Jack stole a check made out to the order of Bertha. Jack forged Bertha’s name on the back and made the instrument payable to himself. Jack then transferred the check to Sun for cash by signing his nam...
See AnswerQ: On November 9, Jane Jones writes a check for $5
On November 9, Jane Jones writes a check for $5,000 payable to Ralph Rodgers in payment for goods to be received later in the month. Before the close of business on November 9, Jane notifies the bank...
See AnswerQ: On July 21, Boehmer, a customer of Birmingham Trust,
On July 21, Boehmer, a customer of Birmingham Trust, secured a loan from that bank for the principal sum of $5,500 to purchase a boat allegedly being built for him by A.C. Manufacturing Company, Inc....
See AnswerQ: Advanced Alloys, Inc., issued a check in the amount of
Advanced Alloys, Inc., issued a check in the amount of $2,500 to Sergeant Steel Corporation. The check was presented for payment fourteen months later to the Chase Manhattan Bank, which made payment o...
See AnswerQ: Howard Harrison, a longtime customer of Western Bank, operates a
Howard Harrison, a longtime customer of Western Bank, operates a small department store, Harrison’s Store. Because his store has few experienced employees, Harrison frequently travels throughout the U...
See AnswerQ: The MacGilvray Shiras was a ship owned by the Kinsman Transit Company
The MacGilvray Shiras was a ship owned by the Kinsman Transit Company. During the winter months, when Lake Erie was frozen, the ship and others moored at docks on the Buffalo River. As oftentimes happ...
See AnswerQ: Tom Jones owed Bank of Cleveland $10,000 on a
Tom Jones owed Bank of Cleveland $10,000 on a note due November 17, with 1 percent interest due the bank for each day delinquent in payment. Jones issued a $10,000 check to Bank of Cleveland and depos...
See AnswerQ: Assume that Dinah draws a check on Oxford Bank, payable to
Assume that Dinah draws a check on Oxford Bank, payable to the order of Pam; that Pam indorses it to Amy; that Amy deposits it to her account in Houston Bank; that Houston Bank presents it to Oxford B...
See AnswerQ: Jones, a food wholesaler whose company has an account with City
Jones, a food wholesaler whose company has an account with City Bank in New York City, is traveling in California on business. He finds a particularly attractive offer and decides to buy a carload of...
See AnswerQ: On April 1, Moore gave Pipkin a check properly drawn by
On April 1, Moore gave Pipkin a check properly drawn by Moore on Zebra Bank for $5,000 in payment of a painting to be framed and delivered the next day. Pipkin immediately indorsed the check and gave...
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