In what capacity is an accommodation party liable?
Answer to relevant QuestionsIf there are no defenses to a negotiable instrument, do you have to be an HIDC to collect on the instrument? Locke gave a promissory note to Consumer Foods, Inc. The note read, in part, “ Buyer agrees to pay to Seller.” Consumer Foods assigned the note to Aetna Acceptance Corporation. When the note wasn’t paid and Aetna ...Baron wrote a check for $ 250 payable to Tydings Automotive for car repairs. The check was written early in the day and processed by her bank and charged to Baron’s account that same day because Baron and Tydings were both ...Bank 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, ...Give examples of actual and implied authority.
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