Benton, as agent for Savidge, received an insurance settlement check from Metropolitan Life Insurance Co. He indorsed
Question:
Benton, as agent for Savidge, received an insurance settlement check from Metropolitan Life Insurance Co. He indorsed it “For deposit” and deposited it in Bryn Mawr Trust Co. in Savidge’s account. What were the nature and effect of this indorsement? [Savidge v Metropolitan Life Ins. Co., 110 A2d 730 (Pa)]
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
The indorsement for deposit was restrictive ...View the full answer
Answered By
Gabriela Rosalía Castro
I have worked with very different types of students, from little kids to bussines men and women. I have thaught at universities, schools, but mostly in private sessions for specialized purpuses. Sometimes I tutored kids that needed help with their classes at school, some others were high school or college students that needed to prepare for an exam to study abroud. Currently I'm teaching bussiness English for people in bussiness positions that want to improve their skills, and preparing and ex-student to pass a standarized test to study in the UK.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
Question Posted:
Students also viewed these Business Law questions
-
A 0.01 M HCl fresh aqueous solution contains 10 g/l before and 1.5 g/l copper after contacting with the organic phase of -alkenyl-8-hydroxyquinoline. What is the pH of the fresh aqueous and the...
-
Explain the nature and effect of a deposit.
-
Metropolitan Life Insurance Company, Swiss Bank Corporation, and several other holders of RJR Nabisco bonds filed suit against the company to prevent it from completing the leveraged buyout...
-
In a recent self-check, the store manager had her employees compare prices on 320 different items which were picked at random for cross-check. The employees recorded the shelf price and the price...
-
In February 2015 Treasury 4s of 2041 offered a semiannually compounded yield to maturity of 2.70%. Recognizing that coupons are paid semiannually, calculate the bond's price.
-
On June 30, 2024, Sundown Company reported the following account balances: On June 30, 2024, Pelcore Company paid $310,800 cash for all assets and liabilities of Sundown, which will cease to exist as...
-
Calculate \(r\) for the changes in the flow of vehicles and the level of pollution in Exercise 11.12. Assuming that the necessary assumptions can be met, construct a 99% confidence interval for the...
-
The following information was available for the year ended December 31, 2013: Sales ............................................................$200,000 Net income...
-
What is relationship between the various sides of the Iron Triangle? Do you believe that it is possible to have a balance of the triangle wherein the vast majority of users are satisfied? Discuss why...
-
A U.S. company owns an 80% interest in a company located on Mars. Martian currency is called the Martian Credit. During the year the parent company sold inventory that had cost $24,000 to the...
-
Snug Harbor Realty Co. had a checking account in First National Bank. When construction work was obtained by Snug Harbor, its superintendent, Magee, would examine the bills submitted for labor and...
-
The Crafts home was supplied with gas by the city gas company. Because of some misunderstanding, the gas company believed that the Crafts were delinquent in paying their gas bill. The gas company had...
-
Use the method of your choice to determine the area of the surface generated when the following curves are revolved about the indicated axis. y = 9x/3 x4/3 32 for 1 x 8; about the x-axis
-
Q1. The given beam is fixed at node 1 there is a roller support at node 2 and has an elastic spring support at node 3. Find the deflection at nodes and reactions at supports for the beam. Assume...
-
(b) (c) A???? (a) Explain what you understand by the term 'time value of money' and how this assists investors in making choices for capital investment decisions. (d) Brownie Limited is considering...
-
where Ps(t)f (t,T) is the correlation coefficient between the spot and futures prices, and s(t), f(t,r) are the standard deviations. The variance is a quadratic function in N and has a minimum at N =...
-
Assignment (1) The following is Mostafa Corporation's contribution format income statement: Sales (-) TVC 1,200,000 (800,000) TCM 400,000 (-) TFC (300,000) NOI 100,000 The company has no beginning or...
-
2. Given the price of bonds in the risk-free market as follows, A(0) = 100,A(1) = 110,A(2) = 121 As well as stock prices in risky markets as follows: skenario S(0)| S(1)| S(2) 1 100 120 144 2 3 100...
-
You have a controlling interest if: (a) you own more than 20% of a companys stock. (b) you are the president of the company. (c) you use the equity method. (d) you own more than 50% of a companys...
-
Complete the following acid-base reactions: (a) HCCH + NaH
-
If a number is less than four more than its opposite, what are the possible numbers?
-
What are the steps the NLRB follows in a representation election?
-
1. How does certification benefit a union? 2. Under what circumstances might the NLRB invalidate a certification election?
-
What factors might contribute to employees voting to decertify a union?
-
1. Define latent heat and how it is different than specific heat capacity. 2. Describe how a phase diagram changes when changing from a solid to a liquid. 3. Describe how work done is related to a...
-
In a large vaccination clinic, patients arrive at the rate of 50 per hour. The clinic is staffed with five nurses and it takes on average 6 minutes for a nurse to vaccinate a patient. Both patient...
-
Calculate the missing value. Beginning cash balance add : cash receipts Collection of notes receivable Proceeds from sale of securities collection from credit sales Total receipts Total available...
Study smarter with the SolutionInn App