Hide Folder Information
Assignment 5.1: Overdraft Fees
This assignment supports the following lesson objective:
Explain the applicability of the Uniform Commercial Code (UCC) to bank transactions
In this writing assignment, you will explain a bank’s liability when it deposits a customer’s check in the wrong account.
A one- to two-page (250- to 500-word) paper
Perform the following tasks:
Step 1: Write a short statement informing a bank of its liability when it deposits a customer’s check in the wrong account.
Three weeks ago, you deposited a $1,000 payroll check at your bank after having signed your name to the back of the check and writing the words “For Deposit Only-Account Number 7852837” immediately above your signature (Account Number 7852837 is your checking account). Since then, you have discovered that the bank did not deposit the check in your checking account, but instead deposited the check in your other account at the bank, a “money market” account. As a result, you have “bounced” three checks totaling $583, and incurred $75 in bounced check fees. Write a 1-2 page letter to your bank advising them of your legal rights in this situation.
Step 2: Save and submit your assignment.
When you have completed the assignment, save a copy for yourself in an easily accessible place and submit a copy to your instructor using the dropbox.
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more