Dalton presents an uncertified check for payment more

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Chapter 30 / Exercise 7
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49. Dalton presents an uncertified check for payment more than six months after its date. The ch eck was drawn by Emma on her account in First City Bank. First bank may do all of the followin g except a. cash the check. b. consult Emma. c. refuse to cash the check. *d. ask Dalton what he would prefer.
50. Joni writes Keizer an uncertified check for $500 drawn on Joni’s account at Labor Employe es Credit Union. Seven months later, Keizer presents the check for payment. The credit union pay s the check in good faith without consulting Joni. The credit union
51. Tomas writes a check for $1,000 drawn on Urban Bank and presents it to Viola. Viola prese nts the check for payment to Urban Bank, which dishonors it because of insufficient funds. The p arty most likely liable to Viola is
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Anderson's Business Law and the Legal Environment, Comprehensive Volume
The document you are viewing contains questions related to this textbook.
Chapter 30 / Exercise 7
Anderson's Business Law and the Legal Environment, Comprehensive Volume
Jennings/Twomey
Expert Verified
b. Tomas in a criminal prosecution. c. Urban Bank in a civil suit. d. Urban Bank in a criminal prosecution. 52. Dhani signs a check “pay to the order of Eton” drawn on Dhani’s account in Fidelity Guaran ty Bank and dates the check “May 1.” Eton presents the check to the bank for payment the follow ing December 15. This is
53. O’Shea issues a check drawn on Prime Bank to Quality Equipment Supply to pay for a back hoe. Later, O’Shea discovers a defect in the backhoe and orders the bank to stop payment on the c heck. O’Shea does not renew the order, and the bank clears the check eight months later. The ban k a. must recredit O’Shea’s account. b. must obtain funds from Quality to cover the amount of the check. c. must substitute acceptable goods. *d. need not recredit O’Shea’s account.
54. Gillian writes a check to Harris as payment for a video game player but soon discovers the p layer is broken. She goes to the drawee bank and orally authorizes Ilene, a bank officer, to stop pa yment on the check. This order is valid for
55. Gary writes a check drawn on Hilltop Bank for $400 “payable to Ivan” on May 1. Gary dies on May 3. Ivan presents the check to the bank on May 5. Unaware of Gary’s death, the bank

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