Question: BBA 339 commercial transaction QUESTION 4 30 points Save Answer Tony (issuer) gave a check to Gabriel for $1500 as payment for dog watching her

 BBA 339 commercial transaction QUESTION 4 30 points Save Answer Tony

BBA 339 commercial transaction

QUESTION 4 30 points Save Answer Tony (issuer) gave a check to Gabriel for $1500 as payment for dog watching her poodle for two weeks. The front of the check states pay to the order of Gabriel and Tony signed the front righthand corner of the check on the back of the check Gabriel writes," pay to the Order of Sharon," signs his name and then gives the check to Sharon in payment for his apartment rent Underneath Gabriel's signature Sharon writes, pay to the order of Lark Fuel Company, signs her own name and gives the check Lark Fuel Company for the oil it supplied to Sharon's apartment building. Gabriel and Sharon are both indorers. This is the chain of ownership on the check: 1)Tony (issuer) 2) Gabriel (indorser/tenant) 3) Sharon ( landlord) 4) Lark's Fuel Company (oil supplier) Questions 1) If Tony refuses to pay Lark Fuel Company, can Lark demand payment from Sharon or Gabriel? Eplain your answer with rule 2) If Sharon pays Lark Fuel Company, can Sharon demand payment Gabriel? Explain your answer with the rule. 3) If however, Gabriel pays Lark, can he go after Sharon? Explain your answer with the rule Explain your answers with the rule of law (e.g. Indorser being secondary liable etc.) QUESTION 4 30 points Save Answer Tony (issuer) gave a check to Gabriel for $1500 as payment for dog watching her poodle for two weeks. The front of the check states pay to the order of Gabriel and Tony signed the front righthand corner of the check on the back of the check Gabriel writes," pay to the Order of Sharon," signs his name and then gives the check to Sharon in payment for his apartment rent Underneath Gabriel's signature Sharon writes, pay to the order of Lark Fuel Company, signs her own name and gives the check Lark Fuel Company for the oil it supplied to Sharon's apartment building. Gabriel and Sharon are both indorers. This is the chain of ownership on the check: 1)Tony (issuer) 2) Gabriel (indorser/tenant) 3) Sharon ( landlord) 4) Lark's Fuel Company (oil supplier) Questions 1) If Tony refuses to pay Lark Fuel Company, can Lark demand payment from Sharon or Gabriel? Eplain your answer with rule 2) If Sharon pays Lark Fuel Company, can Sharon demand payment Gabriel? Explain your answer with the rule. 3) If however, Gabriel pays Lark, can he go after Sharon? Explain your answer with the rule Explain your answers with the rule of law (e.g. Indorser being secondary liable etc.)

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