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As payment in advance for services to be performed, Acton signed and delivered the following instrument: LAST NATIONAL BANK MONEYVILLE, STATE X Pay to the order of Olaf Owen $1,500.00 _________ Fifteen Hundred Dollars________ For services to be performed by Olaf Owen starting on December 6, 2010. (signed) Arthur Acton Owen requested and received Last National Bank's certification of the check even though Acton had only $900 on deposit. Owen indorsed the check in blank and delivered it to Dan Doty in payment of a preexisting debt.
When Owen failed to appear for work, Acton issued a written stop payment order ordering the bank not to pay the check. Doty presented the check to Last National Bank for payment. The bank refused payment. What are the bank's rights and liabilities relating to the transactions described?
LAW 6000 - Business and Corporate Law Explain the historical foundations of the Australian legal system and the current sources of law and describe the essential elements required to create, manage and discharge a contract and the remedies available..
This contains information regarding your final project. For this, you should choose one of the major laws that we have covered in this course, e.g., an environmental statute, employment statute, etc. as a research project. (NOTE: Since our Accounting..
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1. if you had to explain organized crime to someone who had never heard of it say a friendly alien that happened to
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