A certified check for $ 16 payable to Sam Goody was altered (after it had been certified) to $ 1,600. The check was then used to pay for merchandise that had been ordered from Goody costing $ 1,600. The drawee bank refused to honor the check because of the alteration. Is the bank liable to Goody for the $ 1,600?
Answer to relevant QuestionsBank of America in error transmitted money to Sanati in a wire transfer. The bank immediately discovered its error and promptly attempted to recover this money from Sanati. Sanati refused to return the funds claiming that, ...Wieder, an associate with Skala’s law firm, insisted that the activities of a fellow associate be reported to the Disciplinary Committee of the Bar Association. He was terminated from employment because of this and brought ...Compare the contract liability of the principal and the agent (a) When the agent acts within the scope of authority and (b) When the agent acts without authority or does not disclose the principal’s identity to third ...Continental had a franchise from GTE to sell its TVs. The franchise agreement stated that Continental could sell GTE’s products only from the specific location described in the franchise agreement and nowhere else. When ...Safiol had a contract to purchase a lot from Sechrest. He wanted to build a house on the lot and gave Sechrest a deposit of $ 3,800. The contract was contingent on Safiol’s obtaining all permits and other approvals ...
Post your question