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Elementary,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 363 Weeks Ago, 1 Day Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Forged Drawers’ Signatures
Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any statements concerning her accounts. When she finally reviewed the statements, she discovered that Tingstrom had taken $85,500 from Brooks’s checking account with Transamerica Financial Advisors. Tingstrom had forged Brooks’s name in six checks paid between and two years earlier. Another year passed before Brooks filed a suit against Transamerica. Who is most likely to suffer the loss for the checks paid with Brooks’s forged signature? Why? [Brooks v. Transamerica Financial Advisors, 57 So.3d 1153 (La.App. 2 Cir. 2011)] (See The Bank’s Duty to Honor Checks.)
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Answer at least one page.
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