CHAPTER 26: EXERCISE 10

1. Plaintiff's executive secretary forged plaintiff's name on number checks by signing his name and by using a rubber facsimile stamp of his signature: of fourteen checks that were drawn on her employer's account, thirteen were deposited in her son's account at the defendant bank, and one was deposited elsewhere. Evidence at trial was presented that the bank's system of comparing its customer's signature to the signature on checks was the same as other banks in the area. Plaintiff sued the bank to refund the amount of the checks paid out over a forged drawer's signature. Who wins and why?Read v. South Carolina National Bank, 335 S.E.2d 359 (S.C., 1965).

• The case is determined using IRAC. The matter of the case is as follows:
  1. Theissue is:
  2. The rule of law for this case is
  3. Ananalysis of the case:
     1. The facts of the case are:
  4. Aconclusion of the case states:
     1. Based on the facts of the case -

CHAPTER 26: EXERCISE 11

1. On Tuesday morning, Reggie discovered his credit card was not in his wallet. He realized he had not used it since the previous Thursday when he'd bought groceries. He checked his online credit card account register and saw that some $1,700 had been charged around the county on his card. He immediately notified his credit union of the lost card and unauthorized charges. For how much is Reggie liable?

• The case is determined using IRAC. The matter of the case is as follows:
  1. Theissue is:
  2. Therule of law for this case is:
  3. Ananalysis of the case:
     1. The facts of the case are:
  4. Aconclusion of the case states:
     1. Based on the facts of the case -

CHAPTER 27: EXERCISE 1

1. Carlene Consumer entered into an agreement with Rent to Buy, Inc., to rent a computer for $20 per week. The agreement also provided that if Carlene chose to rent the computer for fifty consecutive weeks, she would own it. She then asserted that the agreement was not a lease but a sale on credit subject to the Truth in Lending Act, and that Rent to Buy, Inc., violated the act by failing to state the annual percentage rate. Is Carlene correct?

• The case is determined using IRAC. The matter of the case is as follows:
  1. Theissue is:
  2. Therule of law for this case is:
  3. Ananalysis of the case:
     1. The facts of the case are:
  4. Aconclusion of the case states:

Based on the facts of the case -