
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 14
Anthony had a checking account with First National Bank but because of ill health gave his daughter power of attorney to sign checks on his behalf. When Anthony died, the daughter continued to write checks against Anthony's account for thirty days and then notified the bank of his father's death. Was the bank liable because it honored the checks after Anthony's death?
Explanation
As per the UCC, the common rule is that ...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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