Legal rules for recovery of the amounts, Operation Management

Assignment Help:

MJZ Corporation had a checking account with Gulfstream Bank. So that customers who close their accounts would not be embarrassed by having their checks bounce, the bank routinely honors checks for 30 days after a checking account is closed. MJZ was not aware of this policy when it closed its checking account. Within 30 days after the account was closed, two outstanding checks written by MJZ were presented to the bank for payment. The bank paid the checks and requested reimbursement from MJZ. When MJZ refused to repay the bank, it sued MJZ for recovery of the amounts. How should the court rule?


Related Discussions:- Legal rules for recovery of the amounts

Explain horizontal and vertical equity, Imagine that the U.S. Congress deci...

Imagine that the U.S. Congress decides to completely overhaul the current federal income tax system because of its tremendous complexity and is considering a flat-rate income tax w

Explain difficulties of restructuring organizations, What do Klein Felds ef...

What do Klein Felds efforts at Siemens tell you about the difficulties of restructuring organizations?

Explain how does one go about controlling workers, How does one go about co...

How does one go about controlling workers' compensation cost, and why is that important?

Describe conduct a goodness-of-fit test analysis, A survey performed by Sim...

A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for environmenlal.ly frie

Define what law either allow or prohibits this behavior, Cecilia is a 14-ye...

Cecilia is a 14-year old freshman at United High School. She works from 2pm to 10pm three days a week. In order to get to work on time she leaves school early missing her last clas

Explain secure an access database, 1. To delete the filter shown below clic...

1. To delete the filter shown below click Filter in the Sort & Filter group and select Clear Filter. Click Remove Filter in the Sort & Filter group. Right click on any number in th

Explain what changes in culture are needed at the plaza inn, 1. How could t...

1. How could the Plaza Inn develop a collaborative strategy? Develop a specific plan. 2. How could technology help solve the problems at the front desk? Explain what you propose

Describe how advancing technologies in the security, Explain how advancing ...

Explain how advancing technologies in the security field are changing how end users are identified. In your response, identify potential security gaps that may be caused by these n

Explain school cafeteria make or buy its pizzas, The school cafeteria can m...

The school cafeteria can make pizza for approximately $0.30 a slice. The cost of kitchen use and cafeteria staff runs about $200 per day. The Pizza Den nearby will deliver whole pi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd