Blasco vs money services center was this check a negotiable instrument

Topic 1: interpretation of ambiguity – you be the judge this discussion will assess how well you understand the concept of negotiability begin by reading the facts of the case ( blasco v money services center ), then decide: was this check a negotiable instrument. Money services center ), then decide: was this check a negotiable instrument was it for a definite amount was it for a definite amount read the arguments for both sides carefully before formulating your decision. Money services center), then decide: was this check a negotiable instrument was it for a definite amount was it for a definite amount hello professor and class: christina blasco borrowed money from money services center for $50000 and wrote a check for $58700 which to be cashed not for two weeks.

blasco vs money services center was this check a negotiable instrument The court must first determine whether the ambiguity on the face of the check was sufficient to cause the check not to be payable for a fixed amount of money, thus taking it out of the definition of a negotiable instrument.

When the terms in a negotiable instrument contradict each other, three rules apply (1) words take precedence over numbers, (2) handwritten terms prevail over typed and printed terms, and (3) typed terms win over printed terms. In re blasco email in re christina blasco, debtor christina blasco, plaintiff, v money services center d/b/a cash connection, defendant united states bankruptcy court, nd alabama therefore, payable on demand thus the check is a negotiable instrument, and its negotiation, deposit and presentment for payment fell within.

Blasco vs money services center was this check a negotiable instrument essays and research papers blasco vs money services center was this check a negotiable instrument 1911 the negotiable instruments law i form and interpretation section 1. It must be for a fixed amount in money it must be payable on demand or at a definite time it must be payable to order or bearer, unless it is a check this definition states the basic premise of a negotiable instrument: the holder must be able to ascertain all essential terms from the face of the instrument.

A negotiable instrument as exempted by section 362(b)(11) she argues the court should not look to t itl e 7, article 3 of ala bama’s com mercial code to de termine whether the check is a negoti able instrument, but rather the court should rely on title 5, chapter 18a of the alabama code, which contains the deferred presentment services act. The court also finds the check meets the requirements for a negotiable instrument as set out in section 7-3-104 of the alabama code because it was payable at a definite time 3 the plaintiff argues that the check is not a check as defined in section 7-3-104(f) because it is not payable on demand the court disagrees. Begin by reading the facts of the case (blasco v money services center) then decide: was this check a negotiable instrument was it for a definite amount was this check a negotiable instrument was it for a definite amount i believe the check is negotiable because it is an unconditional promise to pay a specific amount.

Blasco vs money services center was this check a negotiable instrument

blasco vs money services center was this check a negotiable instrument The court must first determine whether the ambiguity on the face of the check was sufficient to cause the check not to be payable for a fixed amount of money, thus taking it out of the definition of a negotiable instrument.

Money services center) then decide: was this check a negotiable instrument was it for a definite amount christina blasco borrowed money from money services center for $50000 and wrote a check for $58700 which to be cashed not for two weeks before msc could cash the check, blasco filed for bankruptcy protection.

Negotiable instruments - form and content chapter 24 a new negotiable instrument which is the legal equivalent of the original check and includes all the information contained on the original check check a check drawn by a bank upon itself to the order of a namely payee promissory note involves a promise to pay money it is an.

Excerpt from essay : court ruling: you be the judge the litigants are in court because the plaintiff christina blasco is arguing that her payday loan check to money services center (msc) is non-negotiable and therefore cannot be cashed after her filing for bankruptcy. Therefore the check is not a negotiable instrument, and msc had no right to submit it for payment argument for msc: blasco is right about the two rules you be the judge: blasco v money services center introduction to business law 3e beatty samuelson-600 (trang.

Blasco vs money services center was this check a negotiable instrument
Rated 4/5 based on 18 review
Download