Why the trial court held for legacy

Assignment Help Business Law and Ethics

Reference no: EM131917513

Question: New Wave sold computer equipment to Maxim, which sold it to USAA. After delivery of some equipment, USAA mailed checks to Maxim, even though on those sales the check was supposed to go directly to New Wave. The checks were payable to Maxim/New Wave. The back of the check states "Each Payee Must Endorse Exactly As Drawn." Maxim endorsed the checks and deposited them in its account at Legacy Bank. New Wave did not endorse the checks. Maxim went out of business. New Wave sued Legacy for conversion for cashing the checks without New Wave endorsement. The trial court held for Legacy; New Wave appealed. Who wins?

Reference no: EM131917513

Questions Cloud

Discuss different types of organizational change : Kotter provides several stories in Step 2, "Build the Guide Team". Choose the story that best fits an experience you have had in building a team.

How will each of the events affect simones budget constraint : Simone spends $200 a month on voice lessons and dance lessons. How will each of these events affect Simone's budget constraint for voice and dance lessons?

Genetic engineering of pigs for producing : What are your thoughts about the genetic engineering of pigs for producing high quality ham or pork versus genetic engineering of pigs

What is the opportunity cost of purchasing a wedge of cheese : Suppose a wedge of cheese is $10, and a loaf of bread is $5. What is the opportunity cost of purchasing a wedge of cheese (in terms of bread)?

Why the trial court held for legacy : New Wave sold computer equipment to Maxim, which sold it to USAA. After delivery of some equipment, USAA mailed checks to Maxim, even though on those sales.

What options would you encourage for them at that time : How long do you let a patient remain in treatment before realizing you are not helping/they're not benefiting?

Calculate the quantity of lime and soda required : Calculate the quantity of lime and soda required for softening one million litres of hard water which on analysis was found to contain the following impurities.

What do you think he means by the expression : Tom Peters, author and management consultant, describes a brand as "passion made palpable."42 What do you think he means by this expression.

Knowledge of ethical theory : What demands on ethical practice do you see for the future? How can knowledge of ethical theory assist you with meeting these demands?

User Account

All Pages