Explain whether pulaski is correct in its assertion

Assignment Help Business Law and Ethics
Reference no: EM131389117

Laboratory Management deposited into its account at Pulaski Bank a check issued by Fairway Farms in the amount of $150,000. The date of deposit was February 5. Pulaski, the depositary bank, initiated the collection process immediately by forwarding the check to Worthen Bank on the sixth. Worthen sent the check on for collection to M Bank Dallas, and M Bank Dallas, still on February 6, delivered the check to M Bank Fort Worth.

That same day, M Bank Fort Worth delivered the check to the Fort Worth Clearinghouse. Because TAB/West Side, the drawee/payor bank, was not a clearinghouse member, it had to rely on TAB/Fort Worth for further transmittal of the check. TASI, a processing center used by both TAB/Fort Worth and TAB/ West Side, received the check on the sixth and processed it as a reject item because of insufficient funds.

On the seventh, TAB/West Side determined to return the check unpaid. TASI gave M Bank Dallas telephone notice of the return on February 7, but physically misrouted the check. Because of this, M Bank Dallas did not physically receive the check until February 19.

However, M Bank notified Worthen by telephone on the fifteenth of the dishonor and return of the check. Worthen received the check on the twenty-first and notified Pulaski by telephone on the twenty-second. Pulaski actually received the check from Worthen on the twenty-third. On February 22 and 23, Laboratory Management's checking account with Pulaski was $46,000. Pulaski did not freeze the account because it considered the return to be too late.

The Laboratory Management account was finally frozen on April 30, when it had a balance of $1,400. Pulaski brings this suit against TAB/Fort Worth, Tab/Dallas, and TASI, alleging their notice of dishonor was not timely relayed to Pulaski. Explain whether Pulaski is correct in its assertion.

Reference no: EM131389117

Questions Cloud

Argument for tariff is the optimum tariff argument : In a competitive model, the only valid argument for a tariff is the Optimum Tariff Argument. All other arguments are ones for subsidies.' Discuss.
Upbringing communicated culture and tradition : From these stories, how did they do it in the absence of a written language, and how is that different from the manner in which your own upbringing communicated culture and tradition to you. Which of the Native American values from these stories..
Compare this implementation to the version using sentinels : Make sure it produces correct output for input with 0, 1, 2, 3, and 4 words. Compare this implementation to the version using sentinels.
Impact the consumer decision-making process : Describe how customer-centered businesses impact the consumer decision-making process?
Explain whether pulaski is correct in its assertion : Pulaski brings this suit against TAB/Fort Worth, Tab/Dallas, and TASI, alleging their notice of dishonor was not timely relayed to Pulaski. Explain whether Pulaski is correct in its assertion.
Lmplement this version and measure the change in speed : This organization would allow us to compare pointers rather than strings in the hash chains for prefixes, which should run faster. lmplement this version and measure the change in speed and memory consumption.
Relationship marketing and database marketing : What is the difference between relationship marketing and database marketing? With a majority of business organizations now using Database Marketing to maintain customer relationships, state Positive and Negative aspects of this method.
Provide decision in given contention : Wells Fargo, which eventually ended up with the check and the $25,000 loss, brought an action to reverse the $25,000 credit it had given to Hartford in the course of handling the check. Decision?
Verbal and nonverbal persuasion : What is the relative influence of verbal and nonverbal persuasion? What is your opinion? Which type of communication do you think you are more persuaded by? How do you know?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Failures of leadership and management in policing

Write about Failures of leadership and management in policing. Leadership the ability to influence behavior within a  context. Write about outcomes of leadership failure

  Explain discovered about the laws of abortion

explains what you discovered about the laws of abortion in your state (Louisiana) or country and why this information might be shared with clients. Further, explain your personal stance on abortion and how your ethical entanglements might impact y..

  Discuss the issue of genetic testing and screening

Discuss the issue of genetic testing and screening. What are the benefits and the drawbacks of genetic testing? Specifically, what were they for Reiger

  Write a short essay between 400 and 500 words responding

write a short essay between 400 and 500 words responding to the assignment below. you are expected to utilize the

  Consumer product safety commission

Research the Internet for information about latest activities by the Food and Drug Administration (FDA), Consumer Product Safety Commission (CPSC), and National Highway Traffic Safety Administration (NHTSA)

  Explain the historical back ground and reason for corp act

Explain why the following sections are in the CORP. Act you are required to explain the historical back ground and reason for their inclusion in the CORP. Act. Do not just copy the sections as your answer

  Explain the role of the government in building business

Explain The Role of the Government in Building Business and President Obama recently stated "If you've got a business

  Explore the legal rights and responsibilities of the tenant

Describe whether or not Roger has a legal obligation to pay for the damage he caused and determine whether or not Larry would be liable for any direct damage.

  Prioritize the leadership tasks during an emergency

From the e-Activity, give your opinion on how well your selected leader performed leadership tasks and response to the disaster or crisis during the emergency situation. Provide a rationale for your response.

  You will consider how best to present research findings and

you will consider how best to present research findings and recommendations to a specific set of stakeholders or

  Substantive law and procedural law

Compare and contrast the justice system of a foreign country with that of the United States. Be sure to address three of the following issues in your essay: Substantive Law, Procedural Law and Judicial Review

  Describe the author conclusions and recommendations

Identify whether the research study is a quantitative or qualitative design. Explain your answer. Identify the methodology, population, sampling methods, and return rate, if applicable. What were the findings of the study? Describe the author's concl..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd