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(SOLVED) Elliot an officer of Impact Marketing drew six

postdated check
Elliot, an officer of Impact Marketing, drew six postdated checks on Impact’s account. The
checks were payable to Bell for legal services to be subsequently performed for Impact.
Financial Associates purchased them from Bell and collected on four of the checks. Payment
was stopped on the last two when Bell’s […]

Jones, wishing to retire from a business enterprise that he had been conducting for a number of
years, sold all of the assets of the business to Jackson Corp. Included in the assets were a
number of promissory notes payable to the order of Jones that he had taken from […]

Statham drew a check. The payee indorsed it to Kemp Motor Sales. Statham then stopped
payment on the check on the grounds that there was a failure of consideration for the check.
Kemp sued Statham on the check. When Statham raised the defense of failure of consideration,
Kemp replied that […]

A federal statute prohibited granting federal funds to libraries that did not control access to
pornographic Internet sites on library computers so that children did not gain access and were
not exposed to such sites as they used the public facilities. The American Library Association
challenged the prohibition as a […]

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Halleck executed a promissory note payable to the order of Leopold. Halleck did not pay the
note when due, and Leopold brought suit on the note, producing it in court. Halleck admitted
that he had signed the note but claimed plaintiff Leopold was required to prove that the note had
[…]

Cronin, an employee of Epicycle, cashed his final paycheck at Money Mart Check Cashing
Center. Epicycle had issued a stop payment order on the check. Money Mart deposited the
check through normal banking channels. The check was returned to Money Mart marked
“Payment Stopped.” Money Mart brought an action against […]

Ellis was employed by the city of Lakewood. By the terms of his contract, he could be
discharged only for cause. After working for six years, he was told that he was going to be
discharged because of his inability to generate safety and self-insurance programs, because of
his failure […]

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