Mark gives a $3,000 check drawn on Access Bank to Acme Industries who mislays the check for three weeks.When Acme finds the check,they request that Access Bank certify the check.Access declines to do so,and Acme tells Mark that the check has been dishonored.Mark contacts Access who agrees to certify the check.Access subsequently wants to withdraw their certification,since Mark has insufficient funds in his account.Discuss the legal issues contained in their situation.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q40: A check for which the issuing financial
Q41: An envelope containing a $10 rebate check
Q42: Cade,the owner of Cade Body Shop,Inc.is in
Q43: Donna is the holder of a note
Q44: Andrews forged the signature of Baumann on
Q45: Ashe indorses an order instrument in the
Q46: When Hanson received her paycheck,she indorsed it
Q47: Shawn was an indorser on a check.A
Q49: Sarah gives a negotiable note for $5,000
Q50: Discuss if the following instrument is negotiable:
"Ninety
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents