Problems and Materials on Commercial Paper |
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Page 46
... authority ( actual authority , im- plied authority , and apparent authority ) but the Code does not at- tempt a definition of authority . Rather , section 3-403 ( 1 ) provides that " authority may be established as in other cases of rep ...
... authority ( actual authority , im- plied authority , and apparent authority ) but the Code does not at- tempt a definition of authority . Rather , section 3-403 ( 1 ) provides that " authority may be established as in other cases of rep ...
Page 47
... authority , apparent authority , and in- herent agency power . Authority is defined in section 7 of the Restatement as an agent's power to bind his principal " by acts done in accordance with the prin- cipal's manifestations of consent ...
... authority , apparent authority , and in- herent agency power . Authority is defined in section 7 of the Restatement as an agent's power to bind his principal " by acts done in accordance with the prin- cipal's manifestations of consent ...
Page 48
... authority may exist where there is no agency relationship at all . Inherent agency power is defined in section 8A of the Restatement as " the power of an agent which is derived not from authority , ap- parent authority or estoppel , but ...
... authority may exist where there is no agency relationship at all . Inherent agency power is defined in section 8A of the Restatement as " the power of an agent which is derived not from authority , ap- parent authority or estoppel , but ...
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