Anton drew a check for $750 payable to bearer. Anton gave the check to Brewster. Brewster negotiated
Question:
Anton drew a check for $750 payable to bearer. Anton gave the check to Brewster. Brewster negotiated it by delivery to Charlois. Charlois negotiated it by delivery to Deltoid. Deltoid tried to collect but found that Anton’s bank account lacked the necessary funds for payment. May Deltoid collect from either or both of the prior holders, and if so, under what circumstances?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Answer Deltoid could collect from either of the prior holders but if the holder received ...View the full answer
Answered By
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 .
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Jones drew a check for $1,000 on The First Bank and mailed it to the payee, Thrift, Inc. Caldwell stole the check from Thrift, Inc., chemically erased the name of the payee, and inserted the name of...
-
Louise Kalbe drew a check in the amount of $7,260 payable to the order of cash on her account at the Pulaski State Bank. The check was lost or stolen, but Kalbe did not report this to the bank, nor...
-
A depositor drew a check and delivered it to the payee. Fourteen months later, the check was presented to the drawee bank for payment. The bank had no knowledge that anything was wrong and paid the...
-
The SEC criticized Frank Sinopoli for not sending an audit inquiry letter to Geo Securities external legal counsel. Describe the nature and purpose of such a letter. Do you agree with the SEC that...
-
Three departments have 12, 15, and 18 members, respectively. If each department selects a delegate and an alternate to represent the department at a conference, how many ways can this be done?
-
An investor can design a risky portfolio based on two stocks, META and GOOGL. Stock META has an expected return of 18% and a standard deviation of return of 20%. Stock GOOGL has an expected return of...
-
What are the key factors behind a successful report presentation?
-
What supply chain logistics alternatives are available in JIT environments? How does each work in a make-to-stock versus a make-to-order environment? What objective customer service measurements are...
-
2.a. (1 points) What is the representation of 198.128.54.10 in binary format? 2.b. (4 points) A frame of 153 bytes is sent over a communication channel. For each of the following cases, compute the...
-
The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.20 per share on January 1, 2020. The remaining 20 percent of Devines shares also traded...
-
Lasorda paid $7,500 for a $10,000 promissory note payable on the day the Chicago Cubs next win the World Series. Is the note negotiable? Can it still be collected?
-
Krosby was starting a new business and needed cash. He convinced the Finance Bank to lend him $10,000 against his new equipment. However, the bank insisted that his prominent friend, Hopper, or...
-
Here is Establishment Industries' market value balance sheet ($ millions): The debt is yielding 7.6% and the cost of equity is 14%. The tax rate is 37%. Investors expect this level of debt to be...
-
The purpose of planning, organizing, and staffing is achieved only when there is a certain _____________ to the plan. Actions Directions Control None of the above
-
You promised your grandparents to spend the coming weekend with them for the whole day, but in the meantime, your office team outing is planned. What will you do?
-
You are the chief financial officer of a restaurant. How will you use the current years financial statement to set the budget for the next operating year?
-
Which of these statements is incorrect? Control is at every level of management Control is exercised to achieve only the long-term goals Control is a constant process Exercise of control is...
-
When an attempt is made to anticipate the deviations that can occur while realizing the plan, it is called feed-forward control. True False
-
Bond J has a coupon rate of 4 percent. Bond S has a coupon rate of 14 percent. Both bonds have 10 years to maturity, make semiannual payments, and have a YTM of 8 percent. If interest rates suddenly...
-
Represent each of the following combination of units in the correct SI form using an appropriate prefix: (a) m/ms, (b) k m, (c) k s /mg, and (d) k m N.
-
Randall and Dianne Wall live in St. Louis, Missouri. Randall and Dianne are each 30 years old, neither smokes, and they have no children or other dependents. Randall is attending law school full time...
-
Carolyn is unmarried and has one dependent child, age 6, who lived with her for the entire year. In 2017, she has income of $16,000 in wages and $6,000 in alimony. Her AGI is $22,000. a. What is...
-
Jose is unmarried with no qualifying children. He has $8,300 of 2017 wages and is otherwise eligible for the earned income credit. Jose has $200 of interest income and no for AGI deductions. a. What...
-
How does Ozy media differentiate itself from competitor? or how does it build brand identity?
-
Moe Glee's business acquired a group of assets two years ago to help with expansion plans, but Moe would now like to review the use of some of those assets. Moe's close friend Ana Maui Harry's has...
-
Analyze the centrality of Off Whites' significant collaborations with other luxury and sportswear brands for accruing valuable brand equity.?
Study smarter with the SolutionInn App