Reference no: EM131386929
Alpha orally appointed Omega as his agent to find and purchase for him a 1930 Dodge automobile in good condition, and Omega located such a car. Its owner, Roe, agreed to sell and deliver the car on January 10, 2010, for $9,000. To evidence the purchase price, Omega mailed to Roe the following instrument: $9,000.00 December 1, 2009 We promise to pay to the order of bearer Nine Thousand Dollars with interest from date of this instrument on or before January 10, 2010.
This note is given in consideration of John Roe's transferring title to and possession of his 1930 Dodge automobile. (Signed) Omega, agent Smith stole the note from Roe's mailbox, indorsed Roe's name on the note, and promptly discounted it with Sunset Bank for $8,700. Not having received the note, Roe sold the car to a third party. On January 10, 2010, the bank, having discovered all the facts, demanded payment of the note from Alpha and Omega. Both refused payment.
a. What are Sunset Bank's rights with regard to Alpha and Omega?
b. What are Sunset Bank's rights with regard to Roe and Smith?
What are mcgowans rights if any against young
: Armstrong indorsed the note in blank preparatory to discounting it.- What are McGowan's rights, if any, against Young, Selby, Tillman, and Armstrong, respectively?
|
Business strategy gme
: Does anyone know how the BSG (Business strategy gme) work? Like, have you done it before? Is it hard? Would you be able to help me make the decisions?
|
What are the four basic types of conflict
: What are the four basic types of conflict? Describe them.Which type of conflict did you witness or experience?What are the five levels of conflict? Describe them. What was the level of conflict in your situation? Which of the five conflict-handling m..
|
International strategies can be applied to save consumers
: Discuss how international strategies can be applied to save consumers' money but keep them contented, based on the quality of product they are buying or using. For example, look at the Flying High with Low Fares article and discuss why or why not ..
|
What are sunset banks rights with regard to roe and smith
: What are Sunset Bank's rights with regard to Alpha and Omega?- What are Sunset Bank's rights with regard to Roe and Smith?
|
Why did worship of baal appeal to the israelites so strongly
: Why did the worship of Baal appeal to the Israelites so strongly? Why did Ahab handle Elijah differently from the way Jezebel dealt with him? How are the portrayals of Elijah and Elisha alike, and how do they differ?
|
Spoke up and acted to resolve the conflict
: Recall a time experience in a summer job, an internship, a student club, a student team project, etc. when your values conflicted with what you were expected to do in a particular, non-trivial decision, and you spoke up and acted to resolve the co..
|
Who appears as an indorser
: When the note was not paid at maturity, may the bank, without first demanding payment by Fitch, recover in an action on the note against Tate?
|
Organizational behavior environment
: Locate a list of the 100 best companies to work for by using a search engine. Research companies from that list to ensure sufficient information is available to review the Organizational Behavior environment of that company.
|