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 on six checks paid between one 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)]
Debbie Brooks is the one who will suffer the loss for the checks paid with Brook's forged signature.
Explanation:
Debbie Brooksis the one who will suffer the loss for the checks paid with Brook's forged signature because Brooks was supposed to be checking the statement regarding her accounts frequently . By that, she could have discovered that Tingstrom had taken $85,000 from her checking account with Transamerica Financial Advisors and hence be able to sue her.
After Debbies Brooks discovered what Martha had done, she should have have stopped the transaction immediately but instead another year passed before she filed a suit against Transamerica. Hence, she will be one who will suffer from the forged signature.
Benefit corporation is referred to as the traditional organization with the modified accountability delivering it to the higher principle of the purpose, responsibility and transparency. The sole purpose of this Benefit corporation is to commit to the creation of public benefit and thus add sustainable value alongside generating the profit.
That low income can be enough because of either one of these two reasons (or the two at the sime time):
A high proportion of subsidized good for low-income earners in developing countries: a consumer making $1,000 per year on average could benefit from subsidized food, housing, healthcare, and even transportation, allowing this person to devote most of his income to other expenses.
Cheap credit available: this same person could not have enough money to pay for the television in cash, but could easily obtain a credit with low interest rates, and long-term payments.
