True/False
Kelly drew a cheque for $10 000 on her account at the Bank of Sudbury.She used that cheque to buy a widget from Joe.Joe presented the cheque to the Bank of Sudbury and received $10 000 in cash.The bank now realizes that it made a mistake because the balance in Kelly's account was never more than $2000.The bank therefore is entitled to recover from Joe the money that it paid to him by mistake.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Which of the following statements is TRUE
Q34: Which of the following defences may be
Q37: Ferdinand bought a boat from Isabelle.The price
Q40: On January 1,Jasmine bought a speedboat from
Q41: Which of the following statements is TRUE
Q42: Suppose Sharwin purchased $25 000 in candles
Q44: Alexandra bought a snow blower from Rajeev.The
Q44: Dina drew a cheque on her account
Q46: A sight draft allows the payee of
Q65: Milosz is the holder in due course