Question: Would a bank be liable to a customer who indorsed a check For deposit only into account #071698570 if that check were deposited into the

Would a bank be liable to a customer who indorsed a check “For deposit only into account #071698570” if that check were deposited into the wrong account? What if the customer’s indorsement was “For deposit only”? Would any account qualify? Would any bank qualify? [Qatar v First American Bank of Virginia, 885 F Supp 849 (ED Va)]


Step by Step Solution

3.53 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In the case the court held the bank would be liab... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

131-L-B-L-N-I (180).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!