Credit in favor of comdata newtwork

Assignment Help Other Subject
Reference no: EM13257200

First interstate bank issued a letter of credit in favor of comdata newtwork, comdata is engaged in money transfer services, It provides money to truckers on the road by way of cash advances through form checks written by truckers , When comdata enters into a business relationship with a trucking company , it requires a letter of credit, This requirement is to secure advances made of behalf of the trucking company. one of the trucking companies defrauded the bank that issued the letter of credit, Comdata demanded that the bank make payment to it under the letter of credit for cash advances that the trucking company had not repaid, The bank alleging fraud by the trucking company refused, comdata filed suit, Can comdata force payment?

Reference no: EM13257200

Questions Cloud

Design a mealy circuit that recognizes the input sequence : Design a Mealy circuit that recognizes the input sequence 0101 only after the sequence 110 has occured. Show a state diagram, state table, implication table and make a state assignment using the three guidelines.
Explanation of how the nursing conceptual model incorporates : Explain at least three specific ways in which the nursing conceptual model could be used to improve nursing practice. Elaborate, explain, or defend each point mentioned.
How long does the company have to wait : The firm earns 7% compounded monthly on the funds it saves. How long does the company have to wait before expanding its operations?
What is the value of the bequest immediately : What is the value of the bequest immediately after the first payment is made?
Credit in favor of comdata newtwork : First interstate bank issued a letter of credit in favor of comdata newtwork, comdata is engaged in money transfer services, It provides money to truckers on the road by way of cash advances through form checks written by truckers
What is the most they can pay for a new house : Ben remembers from finance class that the shorter the amortization period, the less total interest you will pay. Calculate how much interest they would save if they made monthly payments over a 20 year amortization rather than a 25 year amortiza..
Find the number of days sales uncollected between years : The following annual account balances are taken from ArmourSports at December 31. What is the number of days' sales uncollected between years 2007and 2008?
Craft an informal letter to your instructor : Revision Plan - After reviewing the tips for revision, editing, and proofreading from thereading this week, craft an informal letter to your instructor and your classmates.
What is the outstanding balance on the loan : What is the outstanding balance on the loan right after you have made your 30th payment?

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd