1. Jeremy Cobb submitted an apartment rental application to Common Properties Management Cooperative (Common) over the phone. Cobb authorized Common to debit his checking account for the $37.95 application fee. However, the debit was returned by Cobb's bank as unpaid, and Cobb was assessed a Non-sufficient Funds (NsF) fee of $35.00 by Cobb's bank, along with a $25.00 "returned fee" by PayLease, LLC (PayLease), Common's financial institution. Cobb sued under the eFta, alleging that the $25.00 "returned fee" had not been authorized. was the $25.00 returned fee to Pay-Lease covered by the EFTA?
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3. Sondra and Neil Kumaraperu owned a private daycare center and preschool. The preschool maintained a checking account and an operating account, but only Neil and Ranjini Niyarapola (a former owner) were on the signature cards. after Neil's death, Sondra discovered that the school's director had inadvertently deposited a check for the operating account into the checking account. so she wrote a check out to herself, signed Niyarapola's name, and deposited it into the operating account. Was the check issued? 
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5. Gaby Gonzalez obtained two CDs at the second Federal Savings and Loan Association (second) with her daughter, Juana Martinez, as beneficiary. right before Gonzalez died, she told her cousin, Rafael Gonzalez, where to find her CDs. The CDs had a line through Martinez's name and Rafael Gonzalez's name added in the section for beneficiary with the notation, "revised beneficiary . . . rc" After Gaby's death, Rafael withdrew some funds to pay funeral expenses and legal fees from one of the CDs. several years later, Rafael discovered that second had paid the CDs to Hector Gonzalez, who was the administrator of Martinez's estate. Rafael sued second, claiming as the beneficiary that it should have paid him. Who was entitled to the proceeds of the CDs?

Answer rating: 100% (QA)

The 2500 returned fee to PayLease was not covered by the EFTA The Electronic Funds Transfer Act EFTA ... View the full answer