Would a bank be liable to a customer who indorsed a check For deposit only into account
Question:
Would a bank be liable to a customer who indorsed a check “For deposit only into account #071698570” if that check were deposited into the wrong account? What if the customer’s indorsement was “For deposit only”? Would any account qualify? Would any bank qualify? [Qatar v First American Bank of Virginia, 885 F Supp 849 (ED Va)]
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
In the case the court held the bank would be liab...View the full answer
Answered By
Keziah Thiga
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagirism), well-researched and critically analyzed papers.
4.90+
1504+ Reviews
2898+ Question Solved
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
Question Posted:
Students also viewed these Business Law questions
-
If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years?
-
If you deposit %10,000 in a bank account that pays 10 percent interest annually, how much would be in your account after 5 years?
-
First Local Bank would like to improve customer service at its drive- in facility by reducing waiting and transaction times. On the basis of a pilot study, the banks process manager estimates the...
-
Using the Trust Services Principles and Criteria for the Online Privacy Principle, develop an online privacy policy for Alltel Stadium that could be posted on the stadiums website for customers to...
-
Use the information in P 23-6 to prepare a charge-discharge statement for the estate of Tom Josephson for the period May 16, 2013 through June 30, 2013. In Problem 6 Tom Josephson, Testator Inventory...
-
They would operate because they make a profit of 500. c) if you decide to shut down, explain how your loss would be minimized. (3 points) A B C Total revenue: 2,000 5,000 5,000 Total cost: 1,500...
-
Assuming a \(10 \%\) improvement in the production of \(\mathrm{H}_{2}\) from coal, what is the new WTW efficiency for a \(\mathrm{H}_{2}\) ICE and what is the reduction in \(\mathrm{CO}_{2}\)...
-
1. Where do you stand? Do you think EU subsidies and soft loans to Airbus are fair? Why or why not? What advantages does Airbus gain from free financial support from the EU governments? Are...
-
(3) Four identical blocks A-D are sitting on a horizontal surface, as shown below. Different external forces are acting on each block, as shown with force vector arrows. The weight of each block is...
-
Use Thevenin?s theorem to determine io(t), t > 0, in the circuit shown in figure. 2u(t) A ww 10 1 F e"u(t) A i,(1)
-
Ollies Barbecue is a family-owned restaurant in Birmingham, Alabama, specializing in barbecued meats and homemade pies, with a seating capacity of 220 customers. It is located on a state highway 11...
-
Two employees of the state of New Mexico fraudulently procured and indorsed a warrant (a draft drawn against funds of the state) made out to the Greater Mesilla Valley Sanitation District. There was...
-
Your ears "pop" when you change altitude quickly- such as during takeoff or landing in an airplane, or during a drive in the mountains. Curiously, if you are a passenger in a high-speed train, your...
-
The scores on a university entrance exam are normally distributed with a mean of 72% and a standard deviation of 15. a. Find the probability that a student taking the entrance exam will score below...
-
A tourism magazine surveyed 5,000 people for their expected travel plans in the following year. The response rate of the survey is seventy-five per cent. Forty-five per cent of the respondents of the...
-
Trevs Gardening Services purchased a trailer on 1 July 2019 for $26 200. It was estimated to have a useful life of 5 years and a residual value at the end of that time of $2800. Required (a) What is...
-
At the end of the first year of operations, Arch Etec, owner of Architect Designs, engaged you to prepare yearly financial statements for the year ended 30 June 2019, on both the cash basis and the...
-
Karen Broderick commenced business on 1 July 2018. On 30 June 2019, she found that she had written off debts amounting to $1875. In addition, she found it necessary to create an allowance for...
-
A promise to pay a sum of money in consideration of a promise to marry must be in writing. (True/False)
-
A 20-cm-square vertical plate is heated to a temperature of 30oC and submerged in glycerin at 10oC. Calculate the heat lost from both sides of the plate.
-
Solve the inequalities in Problems 4150. 4G 1>3(G+2) -
-
Summarize the rights of employees and employers as provided by the National Labor Relations Act.
-
When are states totally preempted from regulation of the labor field, according to Supreme Court decisions?
-
Define union security and explain its importance to labor leaders.
-
Activity The Serada IT is installing a new computer system. Several thing must be done to make sure the system is working properly. A list of activities of optimistic, most likely and pessimistic...
-
2. Convert the following numbers- 16 a. (67F) 16 = decimal b. (999.999) 16 base 10 c. (32660.1012), = decimal d. (5D9.B8)16 = base 2 e. (564), = binary f. (101 1101 1001. 1011 1000);= base 16 g....
-
3. Write a C program using float to convert Celsius to Fahrenheit. Input and output syntax as below: Input: Enter temp in Celsius: 32 Output:Temperature in Fahrenheit: 89 (20 mark)
Study smarter with the SolutionInn App