Able Prepared a Cheque Payable to Baker,and Placed It in the Pocket

question 40

True/False

Able prepared a cheque payable to Baker,and placed it in the pocket of his coat.Later in the day,while shopping,his coat was stolen.
-If the cheque was not found for over six months,the bank should refuse payment,even if it was presented by the payee,Baker.

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Definitions:

Fundamental Breach

A serious violation of a contract that allows the affected party to terminate the agreement and seek damages.

Foreseeable Loss

A loss that a reasonable person could expect to happen as a result of an action or inaction.

Specific Performance

A legal remedy in contract law that requires a party to fulfill their contractual obligations, as opposed to paying damages.

Chrysler 300

A full-size luxury sedan manufactured by Chrysler, known for its powerful engines and elegant design.