Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

THE FOLLOWING IS AN ESSAY QUESTION THAT REQUIRES A COMPLETE RESPONSE. A ONE, TWO, THREE OR FOUR PARAGRAPH RESPONSE IS NOT ACCEPTABLE. PLEASE ADDRESS THE

THE FOLLOWING IS AN ESSAY QUESTION THAT REQUIRES A COMPLETE RESPONSE.

A ONE, TWO, THREE OR FOUR PARAGRAPH RESPONSE IS NOT ACCEPTABLE. PLEASE ADDRESS THE RIGHTS OF EACH PARTY IN EACH STORY AND THE LAW THAT APPLIES TO THE ISSUES INVOLVED.

Mabel had an engagement party at her apartment that was catered by Sally's Cuisine and because Mabel was a little short of funds, she requested a few days to pay off the balance of $100.Sally agreed and related she would come by and collect the balance in a few days. Several days later, Alice appeared at Mabel's apartment and requested the balance. Mabel handed her a check for $ 100 payable to Sally's Cuisine.Later, Alice changed the amount of the check to $ 1,000 and negotiated it to Peggy who took in good faith and without notice in exchange for various designer handbags. When Peggy inquired as to why Alice had a check payable to "Sally's Cuisine", Alice explained it was a bonus from her boss. Still later, Peggy negotiated the check to Jane in satisfaction of a debt and with the endorsement: "Pay to Jane. Without Recourse. Peggy." Jane deposited the check in her account at TD Bank and it was sent on for collection to CHASE Bank and paid. When Sally showed up at Mabel's apartment and demanded payment, Mabel insisted "I previously paid..."Sally insisted no one had authority to collect monies owed to her business except her. When Mabel contacted her bank, she learned a check payable to "Sally's Cuisine" had been presented for payment for $ 1,000 and paid. Mabel consults you about her rights and the rights of all parties.Discuss fully.

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

Public Law

Authors: Mark Elliott, Robert Thomas

4th Edition

0198836740, 978-0198836742

More Books

Students also viewed these Law questions