Problems and Materials on Commercial Paper |
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Page 33
... drawee bank will show a $ 12,500 balance against which he may draw additional checks . The drawee bank will return the cancelled check to its customer ( Byer ) together with a statement of his account in the drawee bank . The customer ...
... drawee bank will show a $ 12,500 balance against which he may draw additional checks . The drawee bank will return the cancelled check to its customer ( Byer ) together with a statement of his account in the drawee bank . The customer ...
Page 202
... drawee bank , and the drawee bank becomes obligated to pay checks as ordered by the customer ( drawer ) . Section 4-401 gives the bank the right to charge the drawer's account with any item which is " prop- erly payable " from that ...
... drawee bank , and the drawee bank becomes obligated to pay checks as ordered by the customer ( drawer ) . Section 4-401 gives the bank the right to charge the drawer's account with any item which is " prop- erly payable " from that ...
Page 250
... Bank , and was paid by Drawee Bank . The forgeries were discovered . Does Drawee Bank have any rights against Depositary Bank or Local Grocery ? 3. ALTERED CHECKS Problem 79 Acme Machine Co. issued a check in the amount of $ 25 payable ...
... Bank , and was paid by Drawee Bank . The forgeries were discovered . Does Drawee Bank have any rights against Depositary Bank or Local Grocery ? 3. ALTERED CHECKS Problem 79 Acme Machine Co. issued a check in the amount of $ 25 payable ...
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