Serayah Received a Check Written by Sam Whom She Did

question 5

Essay

Serayah received a check written by Sam whom she did not really trust. Accordingly, she rushed to his bank to get the check cashed. The bank told her that presentment would be considered as being made on the next business day and refused to immediately give her the funds. The bank representative told her that the bank's cut-off hour was 2:00 p.m. and that she did not present the check until 3:00 p.m. Serayah was upset and told the bank that it wrongfully dishonored the check in violation of provisions of the UCC. Discuss the rights of the parties.

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Definitions:

Unauthorized Payment

A transaction completed without the approval or consent of the account holder.

Personal ID Number

A unique numerical identifier assigned to an individual to facilitate personal identification and secure access to financial accounts or systems.

Thoughtful Dissent

The act of expressing disagreements or alternative viewpoints in a constructive and thoughtful manner, often leading to improved team processes and decisions.

Constructive Resistance

The act of opposing or resisting certain aspects of work or decisions in a positive way that aims to lead to improvement or innovation.