Problems and Materials on Commercial Paper |
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Page 145
... Acme Machine Co. on the $ 2,000 check . Steel Supply had taken the check in good faith and without notice of the defective delivery of bolts . Does Acme have a defense to the suit brought by Steel Supply ? d . Suppose that in the prior ...
... Acme Machine Co. on the $ 2,000 check . Steel Supply had taken the check in good faith and without notice of the defective delivery of bolts . Does Acme have a defense to the suit brought by Steel Supply ? d . Suppose that in the prior ...
Page 250
... Acme's account ) paid the check , and Depositary Bank allowed Seller to withdraw the balance from Seller's checking account . Seller moved to parts unknown . Acme discovered the alteration when its paid checks were return- ed by Drawee ...
... Acme's account ) paid the check , and Depositary Bank allowed Seller to withdraw the balance from Seller's checking account . Seller moved to parts unknown . Acme discovered the alteration when its paid checks were return- ed by Drawee ...
Page 290
... Acme Machine Co. does have such a right . Hence , one course open to Byer is to request Acme Machine Co. to stop payment of the paycheck . Should Acme Machine Co. honor such a request ? 2. Suppose that Byer could not find the officers of ...
... Acme Machine Co. does have such a right . Hence , one course open to Byer is to request Acme Machine Co. to stop payment of the paycheck . Should Acme Machine Co. honor such a request ? 2. Suppose that Byer could not find the officers of ...
Common terms and phrases
accepted Acme Machine action agent agreement altered amount appeal Arthur Adams assignment authority bank's bill of lading blank Bowl-Mor Byer Byer's cash cashier's check certification charge check drawn check payable checking account Citations omitted claim Clovis collecting bank Commercial Paper Company contract Crest damages delivered deposit Depositary Bank depositor draft drawee bank due course employee facts faith forgery funds Grocery holder in due indorsement Insured Intermediary Bank issued judgment jury liability loan loss ment National Bank negligence negotiable instrument negotiated the check Niederberger Nordstrom notice obligation paid party payee payee's payor bank person Peter Pringle Corporation plaintiff pre-Code presented the check Problem properly provides purchase question Read section reason received recover refused rule Seller signature signed statute stopped payment subsection supra tion took the check transaction transfer trial court Trust Uniform Commercial Code warranties Westmont Worthington Bank