Do you agree with the weiners

Assignment Help Management Theories

Reference no: EM131379014

8. David and Nettie Weiner signed seven promissory notes, totaling $89,000, in their capacity as president and secretary of NMD Realty Co.

In addition, they indorsed each note on the re verse side with their individual signatures. Each note contained the following provision: "The Maker and indorser or indorsers each hereby waives presentment, demand, and notice of dis honor."

The Wei n ers claimed that, because they are secondarily liable, the bank may not pro ceed against them individually until after presentment, notice of dishonor, and protest have occurred. Do you agree with the Weiners ? Explain.

Bank of Delaware v. NMD Realty Co., 325 A.2d 108 (DE).

Reference no: EM131379014

Questions Cloud

Presentment and demand for payment of the check : Later, Bergfield argued that the telephone call to the bank was a presentment and demand for payment of the check. Do you agree? Why or why not?

What does a standard deviation measure : What does a standard deviation measure? Assume you are a manager of a call center. Customer service phone operators are asked to limit their phone calls to 7 minutes if possible.

Why is the investment appraisal process so important : Within your report include a critical response to the following: Why is the investment appraisal process so important? The concept of relevance applicable to the determination of the project's cash flows stating all assumptions made

Could haik hold stephen liable on the notes as an indorser : No presentment for payment was made by Haik on the due date, nor was a timely notice of dishonor given to Rowley's son, St e phen. Could Haik hold Stephen liable on the notes as an indorser ? Explain.

Do you agree with the weiners : The Wei n ers claimed that, because they are secondarily liable, the bank may not pro ceed against them individually until after presentment, notice of dishonor, and protest have occurred. Do you agree with the Weiners ? Explain.

Was craig a holder in due course of the note : Prior to doing so, however, she negotiated the note to Craig, who pu r chased it at a discount with notice that it was in default. Was Craig a holder in due course of the note? Why or why not?

What is the present value of a loan that calls for payment : What is the present value (PV) of a loan that calls for the payment of 500 per year for six years if the discount rate is 10 percent and the first payment will be made one year from now?

Was joyce a holder in due course of the check : Joyce received the check, indorsed it, and mailed it to her bank in Baltimore with instructions to use it to establish a certificate of deposit in joint tenancy with her father. Was Joyce a holder in due course of the check? Explain.

Choose a health care topic : Choose a health care topic for which a policy might be created. Be sure to look ahead and choose a policy topic that will be suitable for both parts of this assignment, due in Weeks Three, Four, and Five.

User Account

All Pages