
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 8
Saxon died April 12. His sister-in-law immediately filed a claim against Saxon's estate for $500, the amount of a check issued to her on August 18 (eight months earlier) by Saxon for her services as an accountant. Liability was denied by the person in charge of Saxon's estate, who claimed that because the check was more than six months old, it was void. Does a check become void because the payee failed to cash it within a six-month period?
Explanation
Properly Payable Rule:
Regarding the ch...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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