Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Whether company B can win, why? Please answer the question: whether B will win or not, and why according to the characteristic of negotiable instruments.

image text in transcribed

Whether company B can win, why?

Please answer the question: whether B will win or not, and why according to the characteristic of negotiable instruments. Company A signed a contract with Company B for buying equipment. A drew a draft in value of 200 thousand on bank Cto B as payment. B went to the drawee bank Cto present this draft for drawing out the money. But Bank dishonored and shown the notice from A said the equipment they received were damaged then the draft had been cancelled. After failure of negotiation between A and B, B sued bank C for non-effecting the payment

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

Cornerstones Of Financial Accounting

Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones

1st Edition

0324657730, 9780324657739

More Books

Students also viewed these Finance questions

Question

How will you establish groups?

Answered: 1 week ago