19 Jul BASED ON THESE FACTS DESCRIBE ANY TRANSFER OR PRESENTMENT WARRANTIES THAT MAHAR MAY HAVE VIOLATED.
Under the UCC which party Golden Years or Star Bank must bear the loss in this situation?
Nancy Mahar was the office manager at Golden Years Nursing Home Inc. She was given a signature stamp to issue checks to the nursing homes employees for up to $100 as advances on their pay. The checks were drawn on Golden Years account at First National Bank. Over a seven year period Mahar wrote a number of checks to employees exclusively for the purpose of embezzling funds for herself. She forged the employees indorsements on the checks signed her name as a second indoor ser and deposited the checks in her personal account at Star Bank. The employees whose names were on the checks never actually requested them. When the scheme was uncovered Golden Years filed a suit against Mahar Star Bank and others to recover the funds. Using the information presented in the chapter answer the following questions. 1 With regard to signature liability which UCC provision discussed in this chapter applies to this scenario? 2 What is the rule set forth by that provision? 3 Under the UCC which party Golden Years or Star Bank must bear the loss in this situation? Why? 4 Based on these facts describe any transfer or presentment warranties that Mahar may have violated.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.