Reference no: EM131389229
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?
What do most federal entities receive on their audit opinion
: What do most federal (and non-federal) entities receive on their audit opinions? Are there any issues in the government-wide statements? If there are issues, list at least one effort to overcome an issue.
|
Can birmingham trust obtain reimbursement from central bank
: Can Birmingham Trust obtain reimbursement from Central Bank under Central's warranty of prior indorsements? Explain.
|
What are the implications for a pal-based implementation
: (Traffic Light Controller) The traffic light controller, as presented in Section 9.5, is a Mealy machine. Modify the description to make it part Moore/part Mealy by decoding the traffic-light control signals directly from the state, as we did in S..
|
What is the mark up percentage
: A store charges $20.00 for a ceramic vase. It costs $12.00. What is the mark up percentage at (a) cost and (b) retail price? Show your calculations.
|
What are the rights of each of the parties
: 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?
|
Find the mission statement for a company you dislike
: Find the mission statement for a company you dislike. Share the name of your chosen company and their mission statement. Underneath the mission statement, give at least 2 specific examples of ways in which the company is not living up to its missi..
|
What are the banks rights and liabilities
: Doty presented the check to Last National Bank for payment. The bank refused payment. What are the bank's rights and liabilities relating to the transactions described?
|
Describe its target market
: Marketing segmentation and target marketing are critical to the marketing of products and services. In addition, product/service differentiation and product positioning are critical. Choose a company/product/service that you are familiar with:
|
Draw a block diagram showing signals
: (Word Problem) Given the combination lock of Section 8.5.4, describe how you would design a combination lock with a variable number of values in the key.
|