What will be the banks cause of action

Assignment Help Business Management

Reference no: EM131386896

Donna gives Peter a check for $3,000 in return for a personal computer. The check is dated December 2. Peter transfers the check for value to Howard on December 14, and Howard deposits it in his bank on December 20. In the meantime, Donna has discovered that the personal computer is not what was promised and has stopped payment on the check.

If Peter and Howard disappear, may the bank recover from Donna notwithstanding her defense of failure of consideration? What will be the bank's cause of action?

Reference no: EM131386896

Questions Cloud

Determine and output the average : Write a program (ArrayDemo.java) that prompts the user to enter 5 integer numbers. Once the user enters the 5 numbers, the program must determine and output the average, the largest, and smallest of 5 numbers.

Is exchange subject to consolidateds defense : Consolidated Business Forms leased a Phillips business computer from Benchmark.- Is Exchange subject to Consolidated's defense?

Discuss about the life long strategies : CS204:Lifelong professionalism and how you will maintain your image.Short-term goals (following the SMART method) and how you will develop a plan to meet them.Long-term goals (following the SMART method) and how you will develop a plan to meet them.E..

What are the benefits of being a member of the wto : Dispute settlement is the focus of the World Trade Organization (WTO) and the way that the organization keeps the global economy stable. What is the WTO, and what is its history? What are the benefits of being a member of the WTO?

What will be the banks cause of action : If Peter and Howard disappear, may the bank recover from Donna notwithstanding her defense of failure of consideration? What will be the bank's cause of action?

Learning a lot of useful information : You have been learning a lot of useful information this week. Let's discuss disk thrashing, troubleshooting disk book issues, and how to deal with lag and/or constantly crashing apps. This is some of the meat that IT workers love to feast upon!

Specializes in seasonal specialty foods : You work for a company that specializes in seasonal specialty foods. The company has 100,000+ customers nationwide who currently place their orders through a web user interface hosted at their headquarters in Omaha, NE and three distribution cente..

How will that affect your financial institution : How will that affect your financial institution? What type of economic system does it have? What is the history of that economic system? How is the country involved in international trade? How does the government get involved in trade issues?

Is davis a holder in due course : Upon refusal of Barton to pay the note, Davis sues Barton for $5,000. Is Davis a holder in due course or, if not, does he have the rights of a holder in due course? Explain.

User Account

All Pages