While walking along a sidewalk, Giron found an uncashed check that was payable to the order of
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- While walking along a sidewalk, Giron found an uncashed check that was payable to the order of Luciano P. Mancuso. Giron took the check to a bank, claiming that he was a bearer of the instrument. Do you agree with Giron? Why or why not?
- In number one above, was that check order paper or bearer paper? Explain.
- October 17, 2006, Winchester Massachusetts. Eighteen months after date, I promise to pay to the order of Margaret Otis, $1,000 with interest. Given in payment of merchandise. Signed Henry Mohr. Was this instrument negotiable? Why or why not?
- Allen wrote a check to David for $100 in payment for a used printer. David indorsed the check in blank and gave it to Earnest in exchange for two tickets to a baseball game. Was the transfer of the check to Earnest a negotiation? Explain.
- Horne went to his bank and deposited a $300 local check that was payable to him on Tuesday at 3:45 p.m. The bank's cut-off hour for the day's transactions was 2:00 p.m. Will the entire $300 be available to Horne on Thursday? Explain
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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