What will be the banks cause of action

Assignment Help Business Law and Ethics
Reference no: EM131389139

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: EM131389139

Questions Cloud

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.
Who is the author of the document : In analyzing a primary source document, simply knowing the name of the person who wrote it is not enough, you also need to learn something about the author to understand his/her point of view and biases. Give the name of the author and provide a b..
Identify the best next step to take in the accounting cycle : Read the email the junior accountant sent you and identify the best next step to take in the accounting cycle. Write 1-3 sentences explaining your reasoning.
What is the role of reset in your implementation : Another possibility is to require the user to call an explicit initialization function, which could include suggested initial sizes for arrays. Implement a version that combines the best of both. What is the role of reset in your implementation?
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?
Does merrill lynch qualify as a holder in due course and why : At that time, Eldon's asked Merrill Lynch about the whereabouts of the stock certificate and asserted a claim to its ownership. Does Merrill Lynch qualify as a holder in due course? Why?
Describe the provisions of major labor laws : Write a paper of 4-5 pages describing the provisions of the following major labor laws as well as their impact on organizations and the union-management relationship.
How did the method of conducting research change : How did the method of conducting research change from earlier periods such as antiquity or the Middle Ages? What types of new research methods emerged during the Scientific Revolution? Please make sure you take into consideration astronomy, med..
Is there always welfare loss under a monopoly : Is there always welfare loss under a monopoly? Is welfare loss always lower under and oligopoly than under a monopoly? If a game has a nash equilibrium it is a dominant strategy? Do we always moral hazard in insurance markets?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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