Stephen Patterson held an account with Suntrust Bank in Alcoa, Tennessee. Juanita Wehrmanâ€”with whom Patterson was briefly involved in a romantic relationshipâ€”stole his debit card and used it for sixteen months (well beyond the length of their relationship) to make unauthorized purchases in excess of $ 30,000. When Patterson learned what was happening, he closed his account. The bank refused to reimburse him more than $ 677.46â€”the amount of unauthorized trans-actions that occurred within sixty days of the transmittal of the bank statement that revealed the first unauthorized transaction. Is the bankâ€™s refusal justifiable? Explain.
Answer to relevant QuestionsTHE ECONOMIC DIMENSION What should Jean do nextâ€” appeal the courtâ€™s decision, settle with BHP for the amount of the judgment, or go through the foreclosure process? Explain. The Legal Environment DimensionWhen no actual ...Majestic Group Korea, Ltd., borrowed $ 1.5 million from Overseas Private Investment Corp. (OPIC) to finance a Ruby Tuesdayâ€™s restaurant. Nam Koo Kim, the sole owner of Majestic, and his spouse, Hee Sun Kim, signed personal ...WHAT IF THE FA CTS WERE DIFERENT? Suppose that searches of the Florida and New York records had revealed that Regions was a secured creditor of Camtech and Avstar Fuel. Would the result have been different in this case? ...Are there any downsides to live chats with bankruptcy courts? If so, what are they?THE LEGAL ENVIRONMENT DIMENSION Five Starâ€™s contract with AAA required Five Star to be available to provide service for AAA members. Does this support Cokerâ€™s argument that Five Star was AAA's employee? Why or why not?
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