Prince Naveen goes grocery shopping and carelessly leaves his checkbook in his cart. His checkbook had two blank checks remaining. The checkbook is stolen by Facilier. On June 5. Facilier forges Naveen's name on on one of the checks for $500 and cashes the check at Naveen's bank, Maldonia Bank. Naveen did not report the lost checks to the bank. On July 1 . Naveen receives his monthly statement from the bank, The staterment shows the forged. check; but Naveen does not examine it. On July 20 . Facilier forges Naveen's second stolen check for $3 , 000 and cashes it at New Orlean's City Bank, a bank with which Facilier had previously done business. On August 1. Naveen receives another bank statement. discovers both forgeries, and immediately notifies Maldonia Bank. Facilier is absconded. Naveen asks Maldonia Bank to recrodit his account for both checks because his signature was forged. Instructions: - Consider the above foct situation and then discuss whether Naveen's claim is likely or not to prevail. - When formulating your answer, you might want to include about what duties apply to each party, and whether the acts committed by the parties actually violated their respective duties.
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Prince Naveen goes grocery shopping and carelessly leaves his checkboo.docx
1. Prince Naveen goes grocery shopping and carelessly leaves his checkbook in his cart. His
checkbook had two blank checks remaining. The checkbook is stolen by Facilier. On June 5.
Facilier forges Naveen's name on on one of the checks for $500 and cashes the check at Naveen's
bank, Maldonia Bank. Naveen did not report the lost checks to the bank. On July 1 . Naveen
receives his monthly statement from the bank, The staterment shows the forged. check; but
Naveen does not examine it. On July 20 . Facilier forges Naveen's second stolen check for $3 ,
000 and cashes it at New Orlean's City Bank, a bank with which Facilier had previously done
business. On August 1. Naveen receives another bank statement. discovers both forgeries, and
immediately notifies Maldonia Bank. Facilier is absconded. Naveen asks Maldonia Bank to
recrodit his account for both checks because his signature was forged. Instructions: - Consider
the above foct situation and then discuss whether Naveen's claim is likely or not to prevail. -
When formulating your answer, you might want to include about what duties apply to each party,
and whether the acts committed by the parties actually violated their respective duties.
