would be able to help me with this please?
QUESTION 1 Digitech Corporation(DC) pays its employees every two weeks. Eve Anderson, an employee, gets her paycheck, indorses the back of the check by signing her name using her normal signature that she uses whenever signing which is pretty much an illegible mark. On her lunch break she goes to cash it at DC's Bank, the First Depository Bank(FDB). On the street on her way to the Bank in a crowd she loses the check. Greg "Cheetah" Smith finds the check and immediately signs the back ofthe check beneath Eve's signature and cashes it. Has the check been negotiated to Greg? Once signed by Eve what type of instrument is the check? Can the fact that Eve did not legibly sign her name on the back of the check be used by her as a defense to payment on the check to Greg? What precautions might Eve have taken to avoid this issue? What about use of UCC 4403? Is it applicable at all? Please be sure to address each question posed above. '1' T I Arial v 3(12pt) v '1' . 5 . == ~E]~ l3 1 :: 3 Path: p Words:0 A QUESTION 2 Ann gives a check to Beta Investments to buy 100 shares of stock in IBM for Ann. The price ofthe shares is constantly fluctuating. Beta asks Ann to leave the amount blank on the check and allow Beta to fill in the price when making the purchase. Ann agrees. Beta buys the IBM stock when the price is $4,000 , but fills in the amount ofthe check for $5,000. The check is negotiated as payment for a $5,000 debt to ABC Finance, which takes the check in good faith and without notice that Beta increased the amount authorized. ABC however, later learns that Beta was not authorized to fill in the check for $1,000 over the stock price. ls ABC a Holder in due Course and if so for how much? Would your answer be different if ABC knew the check was incomplete when it was given to Beta? Why? '1' T I Arial v 3(12pt) v '1' . 55 . i: . E]. [3 i 3: 3 Path: p Words:0 A