A $10,000 certificate of deposit (CD) payable to the Registered Depositor hereof was issued to John D.
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A $10,000 certificate of deposit (CD) “payable to the Registered Depositor hereof” was issued to John D. Cox by Commercial Bank of Liberty. Cox then used the CD as security for a loan made by the Kaw Valley Bank. When Cox defaulted on the loan, Kaw Valley sought to collect on the CD but Liberty refused to pay. Kaw Valley brought suit but could only collect if the CD was negotiable. Was it? (Kaw Valley Bank Etc. v. Commercial Bank of Liberty, 567 S.W.2d 710)
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Yes ruled the Supreme Court of Kansas A check given in e...View the full answer
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Labindao Antoque
I graduated in 2018 with a Bachelor of Science degree in Psychology from Dalubhasaan ng Lungsod ng San Pablo. I tutored students in classes and out of classes. I use a variety of strategies to tutor students that include: lecture, discussions about the subject matter, problem solving examples using the principles of the subject matter being discussed in class , homework assignments that are directed towards reinforcing what we learn in class , and detailed practice problems help students to master a concept. I also do thorough research on Internet resources or textbooks so that I know what students need to learn in order to master what is being taught in class .
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