What are the rights of each of the parties

Assignment Help Business Management

Reference no: EM131387029

Jones drew a check for $1,000 on The First Bank and mailed it to the payee, Thrift, Inc. Caldwell stole the check from Thrift, Inc., chemically erased the name of the payee, and inserted the name of Henderson as payee. Caldwell also increased the amount of the check to $10,000 and, by using the name of Henderson, negotiated the check to Willis. Willis then took the check to The First Bank, obtained its certification on the check, and negotiated the check to Griffin, who deposited the check in The Second National Bank for collection.

The Second National Bank forwarded the check to the Detroit Trust Company for collection from The First Bank, which honored the check. Griffin exhausted her account in The Second National Bank, and the account was closed.

Shortly thereafter, The First Bank learned that it had paid an altered check. What are the rights of each of the parties?

Reference no: EM131387029

Questions Cloud

What is the probability of making an single trial bit error : If a 100-mV RMS Gaussian noise signal is assumed to be present at the receiver, what is the probability of making an single trial bit error if the detector threshold is set at 0.6 V. Repeat for a detector threshold of 0.75 V.

Select an information technology or services company : you will select an Information Technology or Services company. Alternately, you may select any other type of company, however, your strategic plan should be limited to the Information Technology or Services department within the company.

What is the probability of making an single trial bit error : Assume that a logic one has twice the probability of being transmitted than a logic zero

Did you like ridley scott as a filmmaker : Did you like Ridley Scott as a filmmaker? Did you like Michael Fassbender in the roll of an emotionless android? Why, or why not? How you see it as an example of the its genre and time period.

What are the rights of each of the parties : Jones drew a check for $1,000 on The First Bank and mailed it to the payee, Thrift, Inc. Caldwell stole the check from Thrift, Inc., chemically erased the name of the payee, and inserted the name of Henderson as payee.- What are the rights of each..

How long in seconds did the test take to complete : What is the 95% confidence interval for BER associated with this transmission system? How long in seconds did the test take to complete?

What is the average number of errors expected : Data are transmitted at a rate of 5 Gbps over a channel with a single-bit error probability of 10-8. If 109 bits are transmitted, what is the probability of no bit errors, one bit error, two bit errors, and ten bit errors.

Is globalization a good move for the company : Your work on your strategic global marketing plan is complete. You now have a plan that will implement, manage, and support a global strategy, but it is far from organized. You e-mail Deborah to inform her that you are almost ready and that the pr..

Determine the unique test pattern for a seed of 101 : A PRBS sequence of degree 3 is required for a BER test. Determine the unique test pattern for a seed of 101. Compare this pattern to one generated with a seed of 001. Are there any common attributes?

User Account

All Pages