Weaknesses in trying to recover the million dollars

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Reference no: EM133197108

Question: You are an executive for Best Burgers (BB). You sell and manage BB's franchises. You negotiate a deal to sell a franchise to Frieda Flipper (FF) for one million dollars.

FF writes BB a personal check for $100,000, and she borrows $900,000 from Lucky Lender Bank (LL). The payee's slot on the personal check is left blank, and FF hands the check to your receptionist, Sam Slippery (SS). SS fills in his name, deposits the check in his personal account, withdraws it once the check clears, and skips town. You confront FF about the check and threaten to close the franchise. In retaliation, FF stops paying on the note.

Discuss the strengths and weaknesses in trying to recover the million dollars.

Reference no: EM133197108

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