Was the bank that accepted the checks for deposit a holder

Assignment Help Management Theories

Reference no: EM131379026

Refrigerated Transport Co., Inc., employed a collection agency to collect some of its ove r due accounts.

The collection agency indorsed, without authority, checks made payable to Re frige rated Transport and deposited them in the agency's own checking account. Was the bank that accepted the checks for deposit a holder in due course? Why or why not?

Nat'l Bank v. Refrigerated Transp., 248 S.E.2d 496 (GA).

Reference no: EM131379026

Questions Cloud

What is the future value of the cash flow pattern : These cash flows will be placed in a saving account that pays 6.16 percent per year. What is the future value of this cash flow pattern at the end of year five?

Will davidson successful in recovering fron banker in court : The note was negotiated to Davidson who was a holder in due course. Will Davidson be successful in recovering the $5,000 from Baker in court? Why or why not?

What level of remuneration can be expected in these roles : Briefly describe 5 job searching websites available, including graduate specific websites. Find a position in your field at two or more different employers. How different are they in terms of duties or responsibilities? What level of remuneration ca..

Find how much money will be in the account : You are able to place $393 every month at the end of the month into a savings account at an annual rate of 4.94 percent, compounded monthly. How much money will be in the account after you made the last payment?

Was the bank that accepted the checks for deposit a holder : The collection agency indorsed, without authority, checks made payable to Re frige rated Transport and deposited them in the agency's own checking account. Was the bank that accepted the checks for deposit a holder in due course? Why or why not?

May andersen use failure of consideration as a defense : May Andersen use failure of consideration as a defense when sued by First Inves t ment Company on the note? Why or why not?

Compute how much money will be in the account : You have decided to place $3,256 every half year at end of the period into a saving account earning 9.60 percent per year, compounded semi-annually for the next 14 years. How much money will be in the account at the end of that time period?

Could paulick use defense of failure of consideration : The court held that Bucci was a holder in due course because he had taken the instrument for value, in good faith, and without notice of any claims or defenses of Paulick's .

Check to a contractor who agreed to make certain improvement : Another bank, which cashed the check and became a holder in due course of the instrument, attempted to recover the amount of the check from Brazil. Could it do so? Explain.

User Account

All Pages