iscuss the banks position in each of the following situations and state what actions you will take: i. B.A Samuelson had maintained an account with you for 3 years. He has been a satis-factory customer, but in recent months his account has been overdrawn. You have writ-ten on three occasions recently requesting repayment. He works as a claims manager for a popular insurance company whose account you do not hold. The insurance com-pany was claiming from your bank refund of the value of a cheque for GHȼ1,250,000. The cheque which was made out in the name of A. Samuel and crossed “not negotiable” was fraudulently altered by Mr. Samuelson after it has been signed. No enquiry was made of B.A Samuelson when he lodged in this cheque for collection

iscuss the banks position in each of the following situations and state what actions you will take: i. B.A Samuelson had maintained an account with you for 3 years. He has been a satis-factory customer, but in recent months his account has been overdrawn. You have writ-ten on three occasions recently requesting repayment. He works as a claims manager for a popular insurance company whose account you do not hold. The insurance com-pany was claiming from your bank refund of the value of a cheque for GHȼ1,250,000. The cheque which was made out in the name of A. Samuel and crossed “not negotiable” was fraudulently altered by Mr. Samuelson after it has been signed. No enquiry was made of B.A Samuelson when he lodged in this cheque for collection

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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