Appraised from third party for fiancee layla

Assignment Help Operation Management

Reference no: EM132100278

Sam gives a check to Blake Diamonds (BD) to buy a certain diamond which is currently being appraised from a third party for his fiancee Layla. The appraisal is taking longer than expected so BD asks Sam to allow BD to fill in the amount when the appraisal is complete. Sam agrees. BD receives the appraisal of $7,000 and buys the diamond from the third party for that price, but fills in the check for $8,000. The check is negotiated as a good faith payment for an $8,000 debt to Mowit Landscaping Services, who does not know about BD's wrongful act. One week later, Mowit learns that BD wrote the check for $1,000 over the appraisal price without authorization.

- Is Mowit a Holder in Due Course? Thoroughly explain.

- If Mowit is an HDC, for how much? If Mowit is not an HDC, explain what it would take to reach HDC status. Thoroughly explain.

Reference no: EM132100278

Questions Cloud

Major changes in the geography of administration : What were the major changes in the geography of administration after 1949? Give atleast 3-4 disadvantage and advantage of virtual learning.

About the legal status of enslaved women : Which of the following is not true about the legal status of enslaved women. Taylor v. Louisiana is significant because.

Find the systemic model is more of large scale approach : Both of these models seem to have some interesting parts to them, from what I was able to find the Systemic model is more of large scale approach

Major setback to the women suffrage movement : Minor v. Happersett was a major setback to the women’s suffrage movement because:

Appraised from third party for fiancee layla : Sam gives a check to Blake Diamonds (BD) to buy a certain diamond which is currently being appraised from a third party for his fiancee Layla.

Direct marketing mantra is having on dell business : What effect do you believe this type of change in their direct marketing mantra is having on Dell's business?

Describes the feminist debate in muller v. oregon : Which of the following best describes the feminist debate in Muller v. Oregon? The ratification of the Fourteenth Amendment in 1868 is important because:

The term customer engagement refers : The term ‘customer engagement’ refers to. What role should government regulators have in the brokerage industry?

Democratization of life beyond the grave : Trace and explain this “democratization” of life beyond the grave. Provide specific evidence to support your argument.

User Account

All Pages