Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three weeks ago, you deposited a $1,000 payroll check at your bank after having signed your name to the back of the check and writing

Three weeks ago, you deposited a $1,000 payroll check at your bank after having signed your name to the back of the check and writing the words "For Deposit Only-Account Number 7852837" immediately above your signature (Account Number 7852837 is your checking account). Since then, you have discovered that the bank did not deposit the check in your checking account, but instead deposited the check in your other account at the bank, a "money market" account. As a result, you have "bounced" three checks totaling $583, and incurred $75 in bounced check fees. Write a 1-2 page letter to your bank advising them of your legal rights in this situation.

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

TExES Business And Finance Secrets Study Guide

Authors: TExES Exam Secrets Test Prep Team

1st Edition

1516706862, 978-1516706860

More Books

Students also viewed these Finance questions

Question

10:27 PM Tue Sep 13 Answered: 1 week ago

Answered: 1 week ago

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago