igns a check \'pay to the order of Ehort drawn on cto aranty Bank and dates the
ID: 268893 • Letter: I
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igns a check 'pay to the order of Ehort drawn on cto aranty Bank and dates the check May 1. Elton p Gu Dhanis account in Fidelity the check to the bank for payment the following December 15. This is a. an oversight b, an overdraft a cortfied check a stale check. d. On Friday lso has an hioingGeoff deposits into his account at Heartiand Bank a $500 check a. us oas an account at Heartiand. This check is considered an "on-us" item b. certified c. cashiered d. paid 8. Clyde issues a check payable to Discount Mart Ethel, Discountrs cashierorges ths e store's Bank, pays the check Clyde's bank can recover the amount of the check from s indorsement and deposits the check in her account. Clyde's bank, Farmers State a. Ethel, but not the bank that paid Ethel b, the bank that paid Ethel, which cannot recover from Ethel c the bank that paid Ethel, which can recover from Ethel. d. neither Ethel nor the bank that paid Ethel Britney loses her bank access to call the bank. from Britney's account Britney is responsible for card. She realizes her loss the next day but waits a Meanwhile, Drake finds and uses Britney's card to withdraw $3,00o 9. nh a. $0 b. $50 c. $500 d. $3,000 10. Britney loses her bank access card. She realizes her loss the next day but waits a week bank statement, she demands that to call the bank Meanwhile, Drake finds and uses Britney's card to withdraw $3,000 from Britney's account When Britney receives her the bank investigate the matter and recredit her account. The bank has no duty to investigate. a. b must investigate and, if the dispute is not resolved within ten days, recredit Bntney's account (at least until the dispute is resolved) mustinvestgate and immediately recredit Britney's account (at least until the ?. d must investigate but need not recredit Britney's account 11 Natural Resource Investment Company and Mega Bank are secured parties with secunity interests in property he first to be filed or owned by LNG Gas Corporation. Between these interests a general subject to exceptions. b no cicumstances c states that have not adopted Article 9 of the UCC d states that require a security agreement to be signed and dated by the creditor May 8 2018 Page 2 of 8 Business Law 1Explanation / Answer
6.Dhani signs a check "pay to the order of Eton" drawn on Dhani's account in Fidelity Guaranty Bank and dates the check "May 1." Eton presents the check to the bank for payment on December 15. This is
ans: (d) a stale check
7.On Friday morning, Geoff deposits into his account at Heartland Bank a $500 check from Imelda, who also has an account at Heartland. On that same day, this check is considered
ans: (b) Certified
8.Clyde issues a check payable to Discount Mart. Ethel, Discount's cashier, forges the store's indorsement and deposits the check in her account. Clyde's bank, Farmers State Bank, pays the check. The bank can recover the amount of the check from
ans: (c) the bank that paid Ethel, which can recover from Ethel
9.Britney loses her Campus Bank access card. She realizes her loss the next day but waits a week to call the bank. Meanwhile, Drake finds and uses Britney’s card to withdraw $3,000 from Britney’saccount.?
ans: (c) 500$
10.When Britney receives her Campus Bank statement, she demands that the bank investigate the matter and recredit his account. The bank
ans: (b) must investigate and, if the dispute is not resolved within ten days, recredit Britney’saccount (at least until the dispute is resolved).
11.Natural Resource Investment Company and Mega Bank are secured parties with security interests in property owned by LNG Gas Corporation. Between these interests, the first to be filed or perfected has priority over other filed or perfected security interests in
ans: (b) no circumstances.
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