Question: 41. Postdated Check Graver gave Srau a postdated check for $2,000 as a deposit on a sailboat as acceptance of Srau's offer to sell the

41. Postdated Check Graver gave Srau a postdated check for $2,000 as a deposit on a sailboat as acceptance of Srau's offer to sell the boat. Later, after Srau sold the boat to someone else, he claimed that the check was not really part of a binding contract because it was postdated, and thus created a qualified acceptance. Did postdating the check affect its negotiability? Principle of Law: lat might be doowenbarbar Decision

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

If the coefficient of static friction between the axe and the wood is s = 0.2, determine the smallest angle of the blade which will cause the axe to be self-locking. Neglect the weight of the axe....

1. Grove Hotel hired Fortas, an electrical contractor, and paid him with a promissory note for $ 3,400. The note stated that it was with interest at prevailing bank rates. Did the stipulation about...

Graver gave Srau a postdated check for $2,000.00 as a deposit on a sailboat as acceptance of Srau's offer to sell the boat. Later, after Srau sold the boat to someone else, Srau claimed that the...

Graver gave Srau a postdated check for $2,000 as a deposit on a sailboat as acceptance of Sraus offer to sell the boat. Later, after Srau sold the boat to someone else, he claimed that the check was...

Following a jury trial defendant was found guilty of issuing a bad check, N.J.S.A. 2C:215. * * * She was sentenced to concurrent custodial terms of four years consecutive to any sentence imposed by...

Case: Buckeye Check Cashing, Inc. v. Camp[1] Facts: On October 12, Shawn Sheth and James Camp agreed that Camp would provide services to Sheth by October 15. In payment, Sheth gave Camp a check for...

When Portia Moot paid off a debt she owed to her law school roommate, she gave her a postdated check, dating it one week later (planning to cover it with the paycheck she would receive before that...

3. Identify any defenses to enforcement that any of the parties may have and against whom they would be asserted, and whether those defenses would be successful and why, o 12 o 2020.01.04 Case Study...

Read the case below and give me the court rulling and your own opinion whether you agree or disagree with the ruling, and why Case : Pan Handle Realty, LLC v. Olins In this breach of contract action,...

QUESTION 31 Fact Pattern 22-2 Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then indorses it to Nat, the present...

The average sales price of new one-family houses in the Midwest is $250,000 and in the South is $253,400. A random sample of 40 houses in each region was examined with the following results. At the...

How do teachers play leadership roles in the community and school?

When you want to find a function that prodides information about the total amount of a quantity, but you only have the function that gives the rate of change of the quantify. then you should try...

Write a Scheme function that takes a simple list of numbers as a parameter and returns a list with the largest and smallest numbers in the input list.

Indicate the organization related to IFRS that performs each of the following functions: 1. Obtains funding for the IFRS standard-setting process. 2. Determines IFRS. 3. Oversees the IFRS Foundation....

This problem compares the after tax income on a $35,000 investment for the following two investors resident in Ontario and two possible investments. Table 2-13 will be of assistance. Stanley Truck...

Continuous probability distributions provide theoretical models for the life length of a component (e.g., computer chip, lightbulb, automobile, air-conditioning unit, and so on). Often, it is...

A projectile is launched from point A with an initial speed v 0 = 100 ft/sec. Determine the minimum value of the launch angle for which the projectile will land at point B. vo = 100 ft/sec A/a 80' ...

The following are the sales figures for your company for the past 5 years. Use the moving average (MA) and exponential smoothing method to smooth the data and provide the forecast for 2019

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.

The official stamp rule: We tend to have more confidence in information that is exempt from the Freedom of Information Act than if the same information was made readily available.