Problems and Materials on Commercial Paper |
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Page 96
... balance represented by collected funds on the ledger ac- count of the depositor at the opening of business on the day of pre- sentation . " There are good reasons for concluding that a bank has this duty . Consider : ( 1 ) how checking ...
... balance represented by collected funds on the ledger ac- count of the depositor at the opening of business on the day of pre- sentation . " There are good reasons for concluding that a bank has this duty . Consider : ( 1 ) how checking ...
Page 154
... balance due Crest on the transferred paper as of April 2 , 1963 , was $ 848,165.25 ; that by October 23 , 1963 , Crest had collected $ 605 , - 882.46 on such paper , and that $ 43,051.20 in deferred income was al- lowed , leaving a balance ...
... balance due Crest on the transferred paper as of April 2 , 1963 , was $ 848,165.25 ; that by October 23 , 1963 , Crest had collected $ 605 , - 882.46 on such paper , and that $ 43,051.20 in deferred income was al- lowed , leaving a balance ...
Page 202
... balance - leaving a $ 4,000 balance for the payment of other checks . Most checks are presented to the drawee bank in one of three ways . These are : 1. " On us " checks . On occasion the payee or other holder of a check will personally ...
... balance - leaving a $ 4,000 balance for the payment of other checks . Most checks are presented to the drawee bank in one of three ways . These are : 1. " On us " checks . On occasion the payee or other holder of a check will personally ...
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