A signature can consist of initials signed by a party.

 

To obtain office supplies for All-Care Medical Clinic, Britney executes a draft in favor of Chris. A draft is

 

Doug writes a check for $100 payable to Eve on his account at First State Bank. The bank is

 

To borrow money to finance the start-up of his business, Bob executes an instrument in favor of City Bank. For the instrument to be negotiable, the signature must be

 

Karen writes on a piece of paper, I owe you $600, signs it, and gives it to Lou. This instrument is

 

A holder takes an instrument for value if he or she gives a check as payment for it.

 

An instrument is not defective simply because it is overdue.

 

Presentment warranties protect the person who presents an instrument for payment.

 

Accidental destruction of a negotiable instrument cancels it.

 

Don writes a check to Eve drawn on Dons account at First Town Bank. Eve presents the check for payment to the bank, which accepts the check. The bank is

 

Opal asks Paolo, who does not understand English, to sign what Opal says is an application to open a bank account. In fact, the application is a note. If sued on the note by an HDC, Paolos best defense would be

 

Rich signs a promissory note after a court has adjudged him to be mentally in-competent. The note is

 

The Uniform Commercial Code governs checks.

 

The rights and duties of a bank and its customer are contractual.

 

The death of a customer revokes a banks authority to pay an item.

 

Most forms of e-money do not qualify as deposits and thus are not covered by deposit insurance.

 

Jen signs a check pay to the order of Key drawn on Jens account in Little Bank to buy Keys car. If there are insufficient funds in Jens account to cover the amount of the check, but the bank pays it, this creates

 

Duffy writes a check for $100 drawn on Eastside Bank and presents it to Fast Cash, Inc., for payment. If the check is not backed by sufficient funds, Duffy may be prosecuted for

 

E-Bank, an online financial institution, gives financial information about Paula and other customers to a federal agency without the customers permission. E-Bank may be liable under