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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Middle Georgia Livestock Sales bought cattle at an auction, paying by check. A couple of days later, Middle Georgia discovered that it had purchased stolen cattle and put through a stoppayment order on the check. Commercial Bank, however, cashed the check without knowledge of the stop-payment order. When the drawee bank refused payment, Commercial Bank sued the maker of the check. In this state, a transaction involving stolen goods is illegal and void. Can Commercial Bank collect from the maker? (Middle Georgia Livestock Sales v. Commercial B & T Co., Ga. 182 S.E.2d 533)
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