Question: Fact Pattern 28-1B Dana takes her car to Efficient Auto Repair Service, which repairs the car and bills Dana for $500. She writes out a

Fact Pattern 28-1B Dana takes her car to Efficient Auto Repair Service, which repairs the car and bills Dana for $500. She writes out a check drawn on First Choice Bank, but later, believing that Efficient Auto did not repair the car properly, issues a stop-payment order. Refer to Fact Pattern 28-1B. If First Choice pays the check, the bank a. is liable for Danas loss due to the wrongful payment. b. is liable to Efficient Auto for the time and trouble to return the payment. c. can sue Efficient Auto for breach of contract. d. can sue Dana for a wrongful stop-payment order.

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 Finance Questions!

Reactants A and B combine to form product P in the vapor phase reaction: A + B P But a side reaction also occurs, forming by-product U: 2A U The Gibbs free energy and enthalpy of each compound at T...

Fact Pattern 28-1B Della takes her truck to Elderberry Auto Repair Service, which repairs the car and bills Della for $800. She writes out a check drawn on Linwood Bank, but later, believing that...

Della takes her truck to Elderberry Auto Repair Service, which repairs the car and bills Della for $ 8 0 0 . She writes out a check drawn on Linwood Bank, but later, believing that Elderberry Auto...

Kelly takes her car to Auto Repair Service, which repairs the car and bills Kelly for $ 5 0 0 . She writes out a check drawn on Choice Bank, but later, believing that Auto Repair did not fix the car...

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...

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

QUESTION 1 Thelma signs a check "pay to the order of Uri" drawn on Thelma's account in Verity Bank. Thelma has $400 in her account but the amount of the check is $500, which the bank pays. This is...

4.1 Amy's Ice Cream is a business that was founded in Austin, Texas, and now has 13 locations in Austin and one each in Houston and San Antonio. When asked about the driving force behind it, Phil...

\f\f\fChapter 2 Service Strategy Learning Objectives After completing this chapter, you should be able to: 1. Formulate a strategic service vision. 2. Describe how a service competes using the three...

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

1. "Without the rise of the merchant-capitalist in this country, there could have been no genuine labor movement.' Comment.

A data table with conditional formatting will help to better visualize the expenses, revenues, and net income of the business. Fill in the Expenses, Revenue, and Net Income columns (range G4:119)...

A supplier gives you a gift of small value as a token of their appreciation. This is acceptable according to your internal policy. What should you do when you accept the gift?

consider a company's strategic intent, its mission, and the role of stakeholders in developing an organization's strategy. Select any two of the main questions and address all of their bullet points:...

4. Explain the impact of an increase in the money supply in the short run and in the long run. LOP8

5. Why is it easier for the Fed to deal with demand shocks than with supply shocks? LOP8

3. Why does the aggregate demand curve slope downward? LOP8