QuickHelper

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Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 5 Days Ago
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 05 Oct 2017 My Price 7.00

Drawer issued a check for $100 payable to the order of Leslie Fay.

Answer the following problem, briefly explaining your answer.

 

Drawer issued a check for $100 payable to the order of Leslie Fay. Leslie indorsed the check "Leslie Fay," and she delievered it to Bella who paid $100 to Leslie. Bella transferred the check to Henry Baker without indorsing the check, and Henry paid Bella $100 for the check. Henry indorsed the check, "For Deposit Only, Henry Baker," and deposited the check in his account.

 

1. Was Leslie's indorsement a qualified or unqualified indorsement?

2. Did Leslie negotiate the check to Bella?

3. Did Bella negotiate the check to Henry?

4. Did Henry negotiate the check to his bank?

Answers

QuickHelper
(10)
Status NEW Posted 05 Oct 2017 07:10 PM My Price 7.00

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