In the wake of Hurricane Katrina, many businesses in New

In the wake of Hurricane Katrina, many businesses in New Orleans struggled, contending with lost files and other effects of the storm. During this period, Pyramid Title, LLC, which handled real estate closings in the city, suffered a shortfall in its account when a lender failed to fund a loan. Meanwhile, Mark Peoples, the owner of Pyramid, wrote a check on the account to pay Anthony and Alcibia Jeanmarie for the sale of their property. Peoples expected Encore Credit Corp. to deposit $130,000 in the account to cover the check. Encore failed to provide the funds, and the check was returned for insufficient funds. Should the business and personal circumstances of Pyramid and Peoples affect their liability on the check? Why or why not? [Jeanmarie v. Peoples, 34 So.3d 945 (La.App. 4 Cir. 2010)]

 

Leave a Comment

Your email address will not be published. Required fields are marked *

GradeEssays.com
We are GradeEssays.com, the best college essay writing service. We offer educational and research assistance to assist our customers in managing their academic work. At GradeEssays.com, we promise quality and 100% original essays written from scratch.
Contact Us

Enjoy 24/7 customer support for any queries or concerns you have.

Phone: +1 213 3772458

Email: support@gradeessays.com

© 2024 - GradeEssays.com. All rights reserved.

WE HAVE A GIFT FOR YOU!

15% OFF 🎁

Get 15% OFF on your order with us

Scroll to Top