Does the efta govern the transaction

Assignment Help Business Law and Ethics

Reference no: EM131389099

Morvarid Kashanchi and her sister, Firoyeh Paydar, held a savings account with Texas Commerce Medical Bank. An unauthorized withdrawal of $4,900 from the account was allegedly made by means of a telephone conversation between some other unidentified individual and a bank employee. Paydar learned of the transfer of funds when she received her bank statement and notified the bank that the withdrawal was unauthorized.

The bank, however, declined to recredit the account for the $4,900 transfer. Kashanchi brought an action against the bank, claiming that the bank had violated the Electronic Funds Transfer Act (EFTA). The bank defended by arguing that the Act did not apply. Does the EFTA govern the transaction? Explain.

Reference no: EM131389099

Questions Cloud

Can tally recover the funds from american security bank : Tally held a savings account with American Security Bank.- Can Tally recover the funds from American Security Bank? The bank moved for partial summary judgment. Decision?

Implementation of the marketing plan : Analyze marketing strategies in reaching markets with their products or services. Continue with a detailed description of marketing management strategies used in the implementation of the marketing plan.

Discuss impact of this integration model on overallattitudes : Discuss the impact of this integration model on the overallattitudes, values and behaviours of the remaining XYZ staff members.

The accelerationism model is an alternative interpretation : The accelerationism model is an alternative interpretation of the. In the very short run, deflation occurs and real output rises. Which of the following could cause this?

Does the efta govern the transaction : Kashanchi brought an action against the bank, claiming that the bank had violated the Electronic Funds Transfer Act (EFTA). The bank defended by arguing that the Act did not apply. Does the EFTA govern the transaction? Explain.

Has austin bank breached its warranty to first wisconsin : Has Austin Bank breached its warranty to First Wisconsin and Great Lakes due to the absence of proper indorsements? Explain.

Absolute threshold and the differential threshold : What are the differences between the absolute threshold and the differential threshold. Which one is more important to marketers? Examples

Design and implement a version of freq : Design and implement a version of f req that measures the frequencies of other types of data values, such as 32-bit integers or floating-point numbers. Can you make one version of the program handle a variety of types elegantly?

Emarketing plan with the focus on social media : You will be working on Step 5 of strategic eMarketing plan with the focus on social media, IMC, and CRM. In developing this section of your plan write a 4-5 page paper that focuses on each of these elements as completely as possible as these relat..

User Account

All Pages