What will be the result, Houston Bank receives notification

What will be the result

Assignment Help Business Law and Ethics

Reference no: EM131389213

Assume that Davis draws a check on Dallas Bank, payable to the order of Perkins; that Perkins indorses it to Cooper; that Cooper deposits it to her account in Houston Bank; that Houston Bank presents it to Dallas Bank, the drawee; and that Dallas Bank dishonors it because of insufficient funds.

Houston Bank receives notification of the dishonor on Monday but, because of an interruption of communication facilities, fails to notify Cooper until Wednesday. What will be the result?

Reference no: EM131389213

Questions Cloud

Legally liable for cradle to grave responsibility : Should manufacturers be legally liable for "cradle to grave" responsibility for their products? Should manufacturers be responsible for recycling their products after consumers are finished with them?

Determine the amount of stus retained earnings at december : Determine the amount of Stu's Retained Earnings at Dec. 31, 2013. Determine the amount of non-controlling (minority) interest that should be reported in the Dec. 31, 2013 consolidated balance sheet.

Compute a result in only four clock cycles : Now your multiplier will compute a result in only four clock cycles? But will the logic you added have an effect on the length of a clock period? Do you expect the cost (more logic) to outweigh the benefits (fewer clock cycles)?

Dual distribution approach : Locate a product offered by a manufacturer using a dual distribution approach. Are there differences between the consumers targeted by each channel? How do the purchase experiences differ? In the end, why would a customer buy directly from a manuf..

What will be the result : Houston Bank receives notification of the dishonor on Monday but, because of an interruption of communication facilities, fails to notify Cooper until Wednesday. What will be the result?

How multiplication works in twos-complement form : Consider carefully how multiplication works in twos-complement form. In the worst case you will need circuitry to convert one or both operands to positive values and then adjust the result sign after it has been computed.

Who is correct in given contention and why : Several days later, he received a letter saying he owed one day's interest on the payment because of a one-day delinquency in payment. Jones refused because he said he had put the payment in the vault on November 17. Who is correct? Why?

Marketing orientation different than other orientations : Can someone help me write the requirements in 2 paragraphs Name a company that you think might be successfully following a MARKETING orientation. What evidence do you see to indicate that? How is the Marketing orientation different than other orie..

Primary determinant of price elasticity of supply : Which of the following is a primary determinant of price elasticity of supply?

User Account

All Pages