1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GrogVix [38]
3 years ago
9

Paris won a lawsuit against railroad, and was given a settlement check. the check somehow came to be in eddy's possession. eddy

indorsed the check to himself and deposited it in his account at bank. paris sued bank, alleging that it was liable to her for having paid the check over an unauthorized indorsement. is bank liable to paris?
Business
1 answer:
Vikki [24]3 years ago
3 0

Answer:

Yes under the theory of conversion.

Explanation:

Conversion occurs when an individual takes possession of an item and excercises ownership of it in a way that is in conflict with the real owner's right of possession.

In this instance Eddy paid in a cheque that was not owned by him. The onus was on the bank to confirm from the account owner the real beneficiary of the check.

This would have prevented the conversion of the check through an illegal indorsement.

Conversion is a common type of fraud with regards to dividend warrants where dividend warrants edited to present a different person as the owner of the check.

You might be interested in
Assume that Plavor Brands, Inc. has 10,000,000 common shares outstanding that have a par value of $2 per share. The stock is cur
Kay [80]

Answer:

The multiple choices:

Earnings per share will remain the same since a stock dividend does not create an expense.

Earnings per share will increase because the dividend increases the value of the company.

Earnings per share will decrease because the number of shares outstanding will go up.

The impact cannot be determined without additional information on the new price per share.

The correct option is earnings per share will decrease because the number of shares outstanding will go up.

Explanation:

Initial EPS=earnings attributable to common stock/average weighted number of common stock

earnings attributable to common stock is $25,000,000

average weighted number of common stock is 10,000,000

Initial EPS=$25,000,000/10,000,000

                 =$2.5

EPS with 10% stock dividend :

average weighted number of common stock=10,000,000*(1+10%)

average weighted number of common stock=10,000,000*(1+0.1)

average weighted number of common stock=11,00,000

EPS with 10% stock dividend=$25,000,000/11,000,000

                                                  =$2.27

EPS reduced from $2.5 to $2.27 due to 10% stock dividend as there are more shares than  previously.

8 0
3 years ago
Adam borrows? $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the actual endmi
Gre4nikov [31]
I got <span>1,482 dollars.
Hope this helps! :D</span>
6 0
3 years ago
If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people t
vitfil [10]

Answer:

If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.

a. more; longer.

The____ would _____.

b. quantity of labor supplied; increase.

Explanation:

Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.

In this example, the wage rate increased by 13.1%, but the inflation rate increased by 16%, so real wages decreased.

8 0
3 years ago
TYR just announced yesterday that its fourth-quarter earnings will be 35% lower than last year's fourth quarter. You observe tha
makkiz [27]

Answer: Investors expected the earnings increase to be smaller than what was actually announced.

Explanation:

Abnormal return on an asset such as stock refers to the difference between actual returns and expected returns. As such, if it is positive, that would mean that the actual returns are/ will be higher than the expected/anticipated returns.

TYR had an abnormal return of 3.7% which would mean that the the 35% lower fourth-quarter earnings was higher than investors expected from TYR.

4 0
3 years ago
Which of the following scenarios is an example of monopolistic competition?
daser333 [38]
B.
The bus company has monopoly over the bus service in the town because it has no competitors.
7 0
3 years ago
Read 2 more answers
Other questions:
  • You go to an all-you-can-eat buffet. if you maximize utility, the marginal utility of the last bite that you eat will be:
    8·1 answer
  • What is the answer to 2/3x8
    10·1 answer
  • Organizations of skilled workers who band together for bargaining power.
    14·1 answer
  • The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri
    11·1 answer
  • At the beginning of the year, TRK started with $15,000 in beginning inventory. Throughout the period, TRK purchased $40,000 wort
    11·1 answer
  • how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
    10·1 answer
  • What are the factors that affect individual productivity?<br>​
    7·1 answer
  • Explain three factors that had a negative impact on the financial performance of Unibic in its early years.
    10·1 answer
  • A service contract for a video projection system costs $80 a year. You expect to use the system for six years. Instead of buying
    6·1 answer
  • Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!