Lisa can obtain payment from kelly

Assignment Help Business Law and Ethics
Reference no: EM131034255

Holly writes a check on her account at Investment Bank to Jerry to pay a debt. Jerry negotiates the check by indorsement to Kelly, who ne­gotiates the check by indorsement to Lisa, who presents it for payment to Interstate Bank. If Investment Bank dishonors the check, Lisa can obtain payment from Kelly

A.

if Lisa timely notifies Kelly.

  B.

only if Holly refuses to pay the check.

  C.

only if Holly and Jerry refuse to pay the check.

  D.

under no circumstances.

Reference no: EM131034255

Questions Cloud

Determine the work output of the turbine per unit mass : An equimolar mixture of helium and argon gases is to be used as the working fluid in a closed-loop gas-turbine cycle.
Define the components of chemical processing plant in msr : What are the main problems of SMART SMR? Define the components of "Chemical Processing Plant" in MSR? How can SCWR achieve thermal efficiency (>40%) comparing to a PWR's efficiency
Focused on a specific segment of the hospitality industry : Choosing a professional organization focused on a specific segment of the hospitality industry that you are interested in (American Hotel & Lodging Association, National Restaurant Association)
Determine the exit velocity of the mixture : A mixture of 80 percent N2 and 20 percent CO2 gases (on a mass basis) enters the nozzle of a turbojet engine at 90 psia and 1800 R with a low velocity, and it expands to a pressure of 12 psia.
Lisa can obtain payment from kelly : Holly writes a check on her account at Investment Bank to Jerry to pay a debt. Jerry negotiates the check by indorsement to Kelly, who ne­gotiates the check by indorsement to Lisa, who presents it for payment to Interstate Bank. If Investment Bank di..
Explain whether con has any right of action against ann : Explain whether Con has any right of action against Ann; (2 marks)The answer read that Con has clearly tried to accept the offer but his reliance on the postal rule would be to no avail as the use of the post was clearly an inappropriate mode of acce..
Define the components of chemical processing plant in msr : What are the main problems of SMART SMR? Define the components of "Chemical Processing Plant" in MSR? How can SCWR achieve thermal efficiency (>40%) comparing to a PWR's efficiency
Hand theory and managements hand theoy : What is the difference between invisible hand theory and managements hand theory?
A major corporate bankruptcy : A major corporate bankruptcy (such as the General Motors bankruptcy) can potentially result in the reduction or elimination of benefits (such as health care benefits) of thousands of retirees. Set forth the pros and cons of permitting the bankruptcy ..

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  The purpose of the discussion board is to allow students to

the purpose of the discussion board is to allow students to learn through sharing ideas and experiences as they relate

  To challenge you to think about how you would have decided

in this unit you you will select any business-related case decided by a state court a federal court or the united

  What factors would determine what court has jurisdiction

Carlos, a citizen of California, is injured in an automobile accident in Arizona. Alex, the driver of the other vehicle is from New Mexico. If Carlos were to sue Alex, would this case be heard in federal or state court? What factors would determin..

  Commercial and corporate law for accountants

Commercial & Corporate Law for Accountants. Discuss whether or not you agree with the Productivity Commission's recommendation, with reference to primary and secondary sources of law.

  Explain lease renewal option

Explain Lease Renewal Option and contending that MCM had forfeited the option by not exercising it prior to the expiration of the lease agreement in which the option had been given

  Research a real-life incidence of your chosen tort for

due week 6 and 240 points write a 4-5 page paper in which youdefine one of the types of torts.describe the elements

  Transfer pricing more than ever before is a major issue for

Discuss, using appropriate examples, the concept of ‘transfer pricing’ and explain why tax authorities around the world have become concerned about it.

  A senior federal agent is assigned as the division training

a senior federal agent is assigned as the division training officer responsible for providingcoordinating in-service

  Analyze both the arguments for and against juvenile

analyze both the arguments for and against juvenile probation. when should parole or probation be available to a

  Compare and contrast the approaches of agency theory

Compare and contrast the approaches of agency theory, stewardship theory, and resource dependency theory with other approaches to explaining the corporate governance problem in organisations.

  Define domestic terrorist organization

Write a 10 page paper (not including Reference page and abstract) comparing a domestic terrorist organization and an international terrorist organization

  Concerning the definiteness of an offer

1-Which of the following statements is true concerning the definiteness of an offer? A-The offeree's terms must be clear enough to provide a court with a basis for granting a remedy. B-Price terms may not be left open in valid offers for ..

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