J delivers a cheque for $500 in payment for a second-hand computer purchased from K. K inadvertently
Question:
J delivers a cheque for $500 in payment for a second-hand computer purchased from K. K inadvertently leaves the cheque on a restaurant table. Q picks it up from the table, forges K’s name, and cashes the cheque at the L Bank. K reports the loss of the cheque to J, who immediately informs her bank to stop payment. What rights does the L Bank have?
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The rights of the L Bank in this scenario would depend on the applicable laws and regulations governing the negotiation of cheques and the liability o...View the full answer
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Related Book For 
The Law And Business Administration In Canada
ISBN: 9780133251678
14th Edition
Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
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