Sturgill gave his significant other the authority to write checks that were drawn on his personal checking
Fantastic news! We've Found the answer you've been seeking!
Question:
Sturgill gave his significant other the authority to write checks that were drawn on his personal checking account. After Sturgill passed away, she continued to write checks that were drawn on his account. The executor of Sturgill's estate objected to this practice and brought a lawsuit against the bank for continuing to honor the checks. The executor argued that the death of Sturgill automatically terminated the agency, and the bank, therefore, had no right to continue to cash the checks. Who is correct here? If the bank is found liable to the estate, does it have a cause of action against the agent? Explain.
Related Book For
Law for Business
ISBN: 978-1259722325
13th edition
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards
Posted Date: