Go to Case 27.3, NBT Bank, N.A.v. First National Community Bank, 393 F.3d 404 (3d Cir.2004), on
Question:
Go to Case 27.3, NBT Bank, N.A.v. First National Community Bank, 393 F.3d 404 (3d Cir.2004), on pages 559–560. Read the excerpt and answer the following questions.
(a) Issue: The main issue in this case concerned the effect of an item on the face of a check and a specific time period. What was the item, what was the time period, and what was the question?
(b) Rule of Law: Liability was assessed in this case according to what rule of law?
(c) Applying the Rule of Law: What was most significant to the court’s determination of the measure of damages?
(d) Conclusion: How did the court resolve the dispute among the parties in this case?
Step by Step Answer:
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F