Consider the following analytical problems related to improperly paid out checks ] Stop Payment Order *...
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Consider the following analytical problems related to improperly paid out checks ] Stop Payment Order * Number of errors on the stop payment form = 10 • Check presented in the different branch/different city in which the SPO was received • The bank had 15 days from the date that the SPO was given till the date the check was presented [1] Is the A/H more likely / equally likely / less likely to recover from the bank for improper payment? Is the A/H more likely / equally likely / less likely to recover from the bank for improper payment? (CIRCLE) [2] Pursuant to which theory? of the four theories of bank-customer relations) [3] SHOW YOUR WORK BELOW (Make sure you depict the variables of the hypo in relation to those of the base-line): (select from one (II) Forged Checks Consider the following sequence of events in which an integer indicates the sum of all forged checks improperly drawn from the A/H's current account by any single forger. Forger February Manch April May A O 8 O 1400 200 4200 O I 0 2600 Ø means that no forged checks are present. A/H finds all forged checks in May from the cancelled checks sent by the bank to the AH in June and punctually notifies the bank. [1] On which checks can the account holder recover? [ldentify forger(s) by letter and indicate sum for each particular forger and the total amount recoverable from the bank] [2] Suppose that the March forged check of B had not been subject to a signature check. How would (if at all) this effect the outcome to your answer above? Explain in the space provided Consider the following analytical problems related to improperly paid out checks ] Stop Payment Order * Number of errors on the stop payment form = 10 • Check presented in the different branch/different city in which the SPO was received • The bank had 15 days from the date that the SPO was given till the date the check was presented [1] Is the A/H more likely / equally likely / less likely to recover from the bank for improper payment? Is the A/H more likely / equally likely / less likely to recover from the bank for improper payment? (CIRCLE) [2] Pursuant to which theory? of the four theories of bank-customer relations) [3] SHOW YOUR WORK BELOW (Make sure you depict the variables of the hypo in relation to those of the base-line): (select from one (II) Forged Checks Consider the following sequence of events in which an integer indicates the sum of all forged checks improperly drawn from the A/H's current account by any single forger. Forger February Manch April May A O 8 O 1400 200 4200 O I 0 2600 Ø means that no forged checks are present. A/H finds all forged checks in May from the cancelled checks sent by the bank to the AH in June and punctually notifies the bank. [1] On which checks can the account holder recover? [ldentify forger(s) by letter and indicate sum for each particular forger and the total amount recoverable from the bank] [2] Suppose that the March forged check of B had not been subject to a signature check. How would (if at all) this effect the outcome to your answer above? Explain in the space provided
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One can recover from the bank in case one forged check is encashed and the AH notifi... View the full answer
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