Has bank of omaha taken the check by negotiation

Assignment Help Project Management

Reference no: EM131386810

Lavinia Lane received a check from Wilmore Enterprises, Inc., drawn on the Citizens Bank of Erehwon, in the sum of $10,000. Mrs. Lane indorsed the check ‘‘Mrs. Lavinia Lane for deposit only, Account of Lavinia Lane'' and placed it in a ‘‘Bank by Mail'' envelope addressed to the First National Bank of Emanon, where she maintained a checking account.

She then placed the envelope over a tier of mailboxes in her apartment building along with other letters to be picked up by the postman the next day.

Flora Fain stole the check, went to the Bank of Omaha, where Mrs. Lane was unknown, represented herself to be Lavinia Lane, and cashed the check. Has Bank of Omaha taken the check by negotiation? Why or why not?

Reference no: EM131386810

Questions Cloud

Difference between a threat and attack : Discuss the difference between a threat and attack. Describe how a vulnerability may be converted into an attack (provide an example in your explanation)

What is the capacitance of the capacitor : A resistor and capacitor are connected in parallel to a 120 volt, 60 Hz line. The circuit has a current flow of 3 amperes. The resistor has a resistance of 68 ?. What is the capacitance of the capacitor?

What types of indorsements are the given : What types of indorsements are the given:- ‘‘Pay to Monsein without recourse.''- ‘‘Pay to Allinore for collection.''

Implement programming techniques : Creating a simple budget application with Visual Studio, using VB. Must implement programming techniques, inside document, and basic database with SQL or MySQL (open to other dbms). Need assistance completing program.

Has bank of omaha taken the check by negotiation : Flora Fain stole the check, went to the Bank of Omaha, where Mrs. Lane was unknown, represented herself to be Lavinia Lane, and cashed the check. Has Bank of Omaha taken the check by negotiation? Why or why not?

What can leaders do to avoid the skeptical reaction : Why do you think employees react in this way? What can leaders do to avoid this skeptical reaction on the part of employees and ensure that the new vision/mission is embraced?

Identifies challenges that the organization will face : To start with, you must review the link below and find a "real life" healthcare fraud case. After locating a case, please research the organization that was affected by the situation. Next, please create a SWOT analysis, which you will describe in..

What rights if any has kaye acquired : On June 15, Sims sold and delivered the note, without indorsement, to Karl Kaye for $6,200. What rights, if any, has Kaye acquired?

Design-code and test an application : Design, code, and test an application that simulates a screensaver. The application should randomly draw lines using method drawLine of class Graphics.

User Account

All Pages