Is the bank obligated to hone this request

Assignment Help Business Law and Ethics

Reference no: EM133209219

Question - The law firm of Levy Baldante, Finney & Rubenstein, P.C., had a checking account at TD Bank, N.A. The account agreement required notice to the bank of "any problem with a check" within thirty days from when a statement showing the item was mailed. Jack Cohen, a partner at the law firm, stole more than three hundred thousand dollars from the account by fraudulently indorsing twenty-nine checks that had been made payable to clients and other third parties. More than 2 years after the first item appeared in an account statement, Susan Huffington, the firm's bookkeeper, discovered one of the fraudulently indorsed checks. She reviewed previous statements with images of the back of each check, compiled a list of fraudulently indorsed items, and notified the bank to recredit the account. Is the bank obligated to hone this request? Why or why not?

Reference no: EM133209219

Questions Cloud

Ethical business people view persuasion : Ethical business people view persuasion as a way to align their own interests with what is best for the audience - Because promotional messages are not legally

Discuss the issues and who wins : Suburban countersued claiming that the selling of liquor by Barash was a breach of contract. Discuss the issues and who wins

Reflect on your own cultural identity and biases : Reflect on your own cultural identity and biases , and provide the following information . Significant events you identified in your own family

Determining scores for applicants responses : Describe how you might go about determining scores for applicants' responses to (a) interview questions, (b) letters of recommendation

Is the bank obligated to hone this request : She reviewed previous statements with images of the back of each check, Is the bank obligated to hone this request? Why or why not

Conducting international business in the selected country : Should be used by companies when conducting international business in the selected country (e.g., employment law, tax law, advertising law, corporate law).

Discuss any potential intellectual property issues : Discuss any potential intellectual property issues that a professor may face if they make use of the names of licensed, fictional characters from a popular game

Identify a reliable and appropriate example : Identify a reliable and appropriate example (a good-quality image, recording, video, etc.) and Explain why you find the example relevant for this assignment

What is the bank secrecy law in the philippines : What is the bank secrecy law in the Philippines? Coverage of secrecy of bank deposits (What are covered in the secrecy law?)

User Account

All Pages