1. Stan is a mid-level manager with Redfine Corporation, but has no authority to sign Redfine checks. Stan orders merchandise from Jabberwocky Company delivered to his home and pays with a Redfine check, signing “Redfine Corp. by Stan, Manger.” Jabberwocky does not know that Stan has no authority to sign the check. Who is liable on the check, and why?
2. CC has in its possession an instrument dated May 1, 2012. The instrument is payable to the order of AA “on June 1, 2012,” for $10,000. In the upper left corner is an address for BB and in the lower right corner is the signature of “DD.” In the lower left corner is stamped “ACCEPTED: BB, May 5, 2012.” On the back is the signature of “AA.” Who, if anyone, is primarily liable on this instrumenton May 1? On May 5? Who, if anyone, is secondarily liable on this instrument?
3. Vern issues a check for $5,000, dated June 1, to Sissy. The check is drawn on Old Dominion Bank. Sissy indorses the check and transfers it to Gene. What will trigger the liability of Vern and Sissy on the check?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more