26 Jul WHAT LEGAL SIGNIFICANCE DOES THIS WOULD HAVE?
In order to complete and to receive credit for this assignment
you must use Google Scholar in order to conduct legal research and
provide five legal authorities, including at least three (3) court
opinions, that address the issues and questions pertaining to the
case below. Note that the authorities could be either statutes or
cases:
In the morning of November 1st, Maggie Grimes wrote a check for
$1,000.00 payable to cash. She put it in her purse, and drove
over to the supermarket to do some groceries, after the supermarket
she planned on going to the bank to cash the check. While at the
supermarket Maggies cellphone rings, she looks inside her purse,
takes out her cellphone, while she is taking it out, and
unbeknownst to her, the check she wrote earlier fell out of her
purse. Maggie continues doing groceries without realizing anything
about the check. Glenn, who was also doing groceries, walks through
the aisle that Maggie was just in, sees the check on the floor, and
puts it in his pocket. Glenn owes Carol $1,000.00, so he decides he
is going to use the check he has to pay off his debt to Carol.
Glenn gives the check to Carol, Carol endorses the check on the
back as follows: For deposit only, [Signed] Carol Judith, and
deposits it into her bank account. You must focus on the following
issues:
Is the check a bearer instrument or an order instrument? Did
Glenns delivery of the check to Carol constitute a valid
negotiation? Why or why not? What type of instrument did Carol make
after endorsing the check? Is Carol or Glenn a bona fide purchaser
in this case? What legal significance does this would have? If
Maggie sues Carol and Glenn, does Maggie have the right to recover
the $1,000.00 from Carol and/or from Glenn? Explain all theories on
which Maggie could recover from Carol and/or Glenn as well as Carol
and/or Glenns potential defenses against Maggie.
NOTE: i just need the sources and court cases that can apply to
this cases , no the answers of the questions.
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