Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Drawer issued a check for $100 payable to the order of Leslie Fay. Leslie indorsed the check Leslie Fay, and she delievered it to Bella

Drawer issued a check for $100 payable to the order of Leslie Fay. Leslie indorsed the check "Leslie Fay," and she delievered it to Bella who paid $100 to Leslie. Bella transferred the check to Henry Baker without indorsing the check, and Henry paid Bella $100 for the check. Henry indorsed the check, "For Deposit Only, Henry Baker," and deposited the check in his account.

1. Was Leslie's indorsement a qualified or unqualified indorsement?

2. Did Leslie negotiate the check to Bella?

3. Did Bella negotiate the check to Henry?

4. Did Henry negotiate the check to his bank?

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

Law Express Tort Law

Authors: Emily Finch, Stefan Fafinski

8th Edition

129229549X, 978-1292295497

More Books

Students also viewed these Law questions

Question

Compute and interpret the price-earnings ratio.

Answered: 1 week ago

Question

To realize business outcomes before and after HRM adoption.

Answered: 1 week ago