Reference no: EM132205326

A) Negotiable Instrument Liability Read and analyze the “You be the Judge” case (Gulf States Section, PGA, Inc. v. Whitney National Bank of New Orleans p. 668). Share with the class your assessment and ruling. Explain. B) Banks, Collections, and Funds Transfer Read the following hypotheticals and then conduct your own research to analyze and reach a conclusion. Explain your findings/conclusions using legal terms/concepts. Upload your resources or links to them to the Week 4 dropbox. Shrek and the ATM On the way to Gifts R Us to purchase a gift for Donkey, Shrek realized he needed to stop at an ATM to get cash. One block from the store, Shrek stopped at an ATM to get $100 cash. He inserted his card and PIN, but the machine spit out the card and a receipt which stated “withdrawal rejected.” Shrek thought this was odd and noticed that the slip did not have the name of the bank printed on it. A few days later, he learned that he was one of more than 100 customers bilked of confidential code information through the phony ATM. The crooks made off with a total of $500,000 after using the code information obtained by the ATM to make counterfeit bank cards. They used these fake cards to hit ATM’s up and down the Swamp Coast and pillage Ogres’ accounts. Shrek and his Email Shrek and Fiona just had their first baby! Sleep deprived, Shrek attempts to keep up with the family bills and finances, but he just can’t. So, he gives his password and login to his mother-in-law, the Queen. She is more than happy to help. Almost immediately, the Queen notices emails from Shrek’s bank “Swamp Bank N.A.” entitled - “update your account information.” She ignores them since Shrek and Fiona are so tired. But as the emails continue and appear more urgent (Urgent - your account will be suspended in 24 hours”), the Queen asks Shrek to take care of it. Shrek logs in blurry eyed and dutifully fills in the requested information without reading anything. One day later, while checking his account online, Shrek notices that $800 has been withdrawn from his account! Frantic, Shrek calls his bank to inquire. Swamp bank informs Shrek that it never sends out emails to request customer information - Shrek has been defrauded.