In the Case in the Text Jones V

question 85

Multiple Choice

In the case in the text Jones v.Wells Fargo Bank,N.A. ,what was the court's holding?

• A)The bank was not liable for conversion because Wahab was listed on the account as authorized.
• B)The bank was not liable for conversion because the check was not obviously forged.
• C)The bank was liable for conversion because it was negligent when it failed to notice the check was obviously altered.
• D)The bank was liable for conversion because it paid someone not entitled to enforce the check.

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Definitions:

F.O.B. Shipping Point

A term used in shipping contracts indicating that the buyer is responsible for paying shipping costs and bears the risk of the goods once they are shipped by the seller.

Title Passes

Refers to the moment when ownership of goods is legally transferred from the seller to the buyer in a transaction.

Buyer Signs

Acts of formal agreement by a purchaser to terms or documents, such as contracts or purchase orders.

F.O.B. Shipping Point

F.O.B. shipping point is a term used in shipping agreements indicating that the buyer is responsible for the goods once the seller ships them, and must pay the shipping costs.