Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

City Bank issues to Dave a cashier's check. Evan steals the check, forges Dave's signature, adds his own signature, and cashes it at First County

City Bank issues to Dave a cashier's check. Evan steals the check, forges Dave's signature,

adds his own signature, and cashes it at First County Bank, which obtains payment from City.

Dave discovers the theft and obtains a replacement check from City, which sues First. The

court will likely rule in favor of?

A. City, because First breached the presentment warranty that there are no unauthorized endorsements on the check.

B. City, because First can recover the money from Evan.

C. First, because City breached the presentment warranty that there are no unauthorized endorsements on the check.

D. First, because City can recover from Dave.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Company Law

Authors: Janet Dine, Marios Koutsias

9th Edition

1352010003, 978-1352010008

More Books

Students also viewed these Law questions

Question

How flying airoplane?

Answered: 1 week ago

Question

Explain the significance of employee selection.

Answered: 1 week ago

Question

Discuss the performance appraisal process.

Answered: 1 week ago