Is pennek subject to given defense

Assignment Help Business Management
Reference no: EM131386869

Thornton fraudulently represented to Daye that he would obtain for her a new car to be used in Daye's business for $17,800 from Pennek Motor Company. Daye thereupon executed her personal check for $17,800 payable to the order of Pennek Motor Company and delivered the check to Thornton, who immediately delivered it to the motor company in payment of his own prior indebtedness.

The motor company had no knowledge of the representations made by Thornton to Daye.

Pennek Motor Company now brings an action on the check that was not paid against Daye, who defends on the ground of failure of consideration. Is Pennek subject to this defense? Explain.

Reference no: EM131386869

Questions Cloud

Agile delivery framework : Reworking within an Agile delivery framework can be time consuming and very costly. Explain the methods you would use to prevent this from happening.
What are fores rights if any against adams : Bell indorsed and sold the paper to Fore, a holder in due course, who paid him $11,000. Fore presented the note at maturity to Adams, who refused to pay. What are Fore's rights, if any, against Adams?
Extend the definition of the class : i. Overload the operators + and += to perform the stringconcatenation operations. ii. Add the function length to return the length to return thelength of the string.
What rights does the act give an employer or employees : What rights does the act give an employer or employees? How does the act impact (support or impede) the existence of unions at workplaces?
Is pennek subject to given defense : Pennek Motor Company now brings an action on the check that was not paid against Daye, who defends on the ground of failure of consideration. Is Pennek subject to this defense? Explain.
New report of shipped orders : The Marketing Department has requested a new report of shipped orders for which the order was placed on either a Saturday or a Sunday. Write a query which displays the order id, order date, shipped date, along with a calculated column labeled "Ord..
Is hughes a holder in due course : Following Miles's refusal to pay the note on March 2, 2011, Hughes sues Miles for $1,000. Is Hughes a holder in due course? If so, for what amount?
Heading of customer along with the customer : Using the SUBSTRING and CONCAT functions, write a query to display each customer name as a single field in the format "Jones, Tom" with a heading of Customer along with the customer_phone field in a nicely formatted calculated column named Phone.
Discuss risk methodologies used in capital budgeting : What financial figure do you believe was the determinant to your decision and why? How would you be able to apply this particular financial information to other situations? Discuss risk methodologies used in capital budgeting.

Reviews

Write a Review

Business Management Questions & Answers

  How companies can differentiate themselves

Give a practical real life example of how companies can differentiate themselves from the competition.

  Illustrate what are some real world examples of ethics

Illustrate what are some real world examples of ethical and unethical practices you have read about, seen in the news, or encountered at your place of employment? Illustrate what were the outcomes of those practices?

  Discuss examples of procedural justice

Provide and discuss examples of "Procedural Justice" in business. Please have your answer in two paragraphs.

  Interpersonal conflict at the macro and micro level

Thinking on these three concepts: preventing destructive conflict, positive approaches to conflict and the structure of conflict, what have we learned from it and how can we use them?

  Leadership question character buildingsome state that

leadership question character buildingsome state that character is acquired over time from experiences in our external

  Illustrate what is the maximum amount you should pay

all dividends after that will decrease by 1.5 percent annually. Illustrate what is the maximum amount you should pay to purchase a share of this stock today it you require a 14 percent rate of return?

  Prepare an estimate for potential customer service contract

Prepare an estimate for a potential customer service contract. - What do you conclude about the learning curve and your quote?

  Countries align themselves together for a variety of reasons

Countries align themselves together for a variety of reasons, e.g., defense, resource output, or economic reasons. Global economic and political history is replete with examples of alliances.

  Create wbs and define activities

The project charter for a project was approved for planning and you have just been assigned as project manager. Realizing that project planning is an ongoing effort throughout the project, which processes are you MOST likely to combine?

  Various external assessment methods

Let's review the various external assessment methods. Based on your own experiences, which ones are the most useful in finding the right candidates? Why? Is there some way to know if an assessment tool is of marginal value and we therefore shouldn..

  Immigration policies and reform

Do you agree with this assessment and what considerations do policy makers need to keep in mind when developing an immigration policy?

  Discuss the concept of competitive advantage

Discuss the concept of competitive advantage

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