(SOLVED) Tally held a savings account with American

Security Bank On
Tally held a savings account with American Security Bank. On seven occasions, Tally’s
personal secretary, who received his bank statements and had custody of his passbook, forged
Tally’s name on withdrawal slips that she then presented to the bank. The secretary obtained
$52,825 in this manner. Three years after the […]

Assume that Dinah draws a check on Oxford Bank, payable to the order of Pam; that Pam
indorses it to Amy; that Amy deposits it to her account in Houston Bank; that Houston Bank
presents it to Oxford Bank, the drawee; and that Oxford Bank dishonors it because of
insufficient […]

Tom Jones owed Bank of Cleveland $10,000 on a note due November 17, with 1 percent
interest due the bank for each day delinquent in payment. Jones issued a $10,000 check to
Bank of Cleveland and deposited it in the night vault the evening of November 17. Several days
later, […]

On August 10, 2009, Theta Electronic Laboratories, Inc., executed a promissory note to George
and Marguerite Thomson. Three other individuals, Gerald Exten, Emil O’Neil, and James Hane,
and their wives also indorsed the note. The note was then transferred to Hane by the Thomsons
on November 26, 2010. Although a […]

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R&A Concrete Contractors, Inc., executed a promissory note that identifies both R&A Concrete
and Grover Roberts as its makers. On the reverse side of the note, the following appears: ‘‘X
John Ament Sec. & Treas.’’ National Bank of Georgia, the payee, now sues both R&A
Concrete and Ament on the […]

Saul sold goods to Bruce, warranting that the goods were of a specified quality. The goods were
not of the quality warranted, however, and Saul knew this at the time of the sale. Bruce drew
and delivered a check payable to Saul and drawn on Third National Bank in the […]

Donna gives Peter a check for $2,500 in return for a laptop computer. The check is dated
December 2. Peter transfers the check for value to Howard on December 14, and Howard
deposits it in his bank on December 20. In the meantime, Donna has discovered that the
computer is […]

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