COMM 315 Study Guide - Final Guide: Damages, Fiduciary, Time Deposit
23 Apr 2016
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Grandma"s bank account summary: membership, k term deposit, k term deposit (can"t take out until 26-oct-92 or wil receive no interest) Answer: bank should have been more [2138] prudent and diligent; it wasn"t prudent cash out the account, and the bank wasn"t diligent in its duty as agent to let funds be taken out before interest accrued. Bank guilty, has to pay missing funds to estate. J gets money from notary for upkeep of building. J has money, can"t go bankrupt or lose his money, so. Dr. dowell: good credit, so owns building for joseph. Notary hay-ellis: not paying attention to pay-outs for building maintenance. k to notary for expenses (j really owns it, but looks like dr owns it on paper) Dr worried about paying for his insurance, etc. so gives mandate to j to pay for mortgage (from dr"s money held with notary) Dr says your mandate is to make sure only administration us done.
