
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Edition 18ISBN: 978-1133587613
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Edition 18ISBN: 978-1133587613 Exercise 4
Several weeks after a depositor's death, Chase Manhattan Bank paid twelve checks on the deceased depositor's account. The depositor's signature on the checks had been forged. The estate sued Chase. Chase sued the estate's attorneys. The attorneys had advised Chase of the depositor's death and gave it a copy of the death certificate and a court order to examine his safe deposit box three weeks before Chase paid any of the forged checks. Of these parties, is any liable?
Explanation
The bank is clearly liable in this case ...
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255