Unformatted text preview: different amounts on the check. Using a check-imprinting machine, he imprinted $5,500 on the check in space where the dollar amount is normally written, but he wrote $6,500 in figures in the box usually reserved for numbers. The seller’s bank ‘s employee noticed the discrepancy, altered the figures and accepted the check. However, later the check was requested back by the buyer and returned by the seller’s bank, as the parts weren’t delivered. When numerical amount on the check is different from the written amount, then the word outweigh figures unless the words are ambiguous. If the Court would base their decision according to this rule, then $5,500 should be paid for this check. In our case numerical amount was located in the place used for words. This amount conflicted with the amount located in the place used for figures. On the other hand Court may find the typed amount of $6,500 controlling despite the fact it was not expressed in words....
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- Spring '11
- Accounting, Promissory note, Negotiable instrument, Bearer instrument, Maynard Keynes, Friedman Electronics