Solution-National bank certified smith check in the amount

National bank certified smith check in the amount

Assignment Help Business Law and Ethics

Reference no: EM133297678

Question

First National Bank certified Smith's check in the amount of $29. After certification, Smith altered the check so that it read $2,900. He presented the check to a merchant in payment for goods. The merchant then submitted the check to the bank for payment. The bank refused, saying it had certified the instrument for only $29. Can the merchant recover the $2,900 from the bank?

Reference no: EM133297678

Questions Cloud

1964 Civil Rights Act : Mary filed a lawsuit against Cargo, Inc., alleging illegal discrimination in violation of Title VII of the 1964 Civil Rights Act.

Purchased some cookware from itinerant salesman : Who did business as Country Kitchen. purchased some cookware from an itinerant salesman, giving him a check in the amount of$ 200 for the purchase price.

Possession of narcotics for purpose of trafficking : The accused was charged with possession of narcotics for the purpose of trafficking.

Smooth-talking salesmen : Two smooth-talking salesmen for Rich Plan of New Orleans called on Leona and George Henne at their home.

National bank certified smith check in the amount : First National Bank certified Smith's check in the amount of $29. After certification, Smith altered the check so that it read $2,900.

Guideposts for determining fair use : Which of the following are not guideposts for determining fair use? The Coca-Cola Company's soft drink syrup recipe is an example of a __________.

Weed is legal : Cailfornia says that weed is legal, but the Federal Government says its illegal. which position (federal v state) is better for the American people and why?

Difference between actions in civil and criminal law : What is business law? What is the normal penalty for breach of a civil wrong? Explain the difference between actions in civil and criminal law.

Develops and sells new technology in the mining : A5 Technology Pty Ltd is a business which develops and sells new technology in the mining.

User Account

All Pages

National bank certified smith check in the amount

Reference no: EM133297678

Reference no: EM133297678

Questions Cloud

Reviews

Write a Review

Business Law and Ethics Questions & Answers

Legal environment of business caselet

Business ethics & legal issues caselet

Questions on business law and ethics

Discuss the doctrine of ratification of pre-incorporation

Discuss the extent of phoenixing activity

Application of law to facts

Question on business law and ethics

Questions on business law

Iidentify the issue raised by the facts

Evaluation of software development

Business value and ethics

Explain what is meant by income by ordinary concepts

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT