Catch Me If You Can Movie Review

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CATCH ME IF YOU CAN

SEC 1 of NIL states the requirements of an instrument to be negotiable. SEC 185 of NIL defined a check that is a bill of exchange drawn on a bank payable on demand. Frank Abagnale Jr. uses forges payroll checks from PanAm Airlines. Cashier’s check means that it is drawn by the cashier of a bank upon the bank itself, payable on demand to the payee and it is accepted practice in the business sector that a cashier’s check is deemed as cash. Frank uses this kind of check in order to cash it immediately by the teller because it is deemed trusted by the banks. SEC 7 of NIL defined some instances when an instrument is payable on demand. Check is payable upon demand at sight or on presentation of the payee to the bank. SEC 8 states instances when it is payable to order. Check is payable to order of a payee who is not maker, drawer or drawee. SEC 22 states that infants may incur no liability except where he is guilty of actual fraud. Frank is 17 a minor and the courts decided that he is actually guilty of fraud and sent him to jail. SEC 23 defined forgery is meant the counterfeit-making or fraudulent alteration of any writing with the intent thereby to defraud. Frank counterfeits payroll checks and cashier’s checks and presents it to the beautiful tellers to use his charm in order to cash the check. SEC 24 states that the presumption of consideration in the instrument is prima facie and SEC 25 defined a value which is any consideration given to support a simple contract. Frank indorsed a cashier’s check to Cheryl for a valuable consideration to receive by Frank. Cheryl received it with not a valid negotiation because Frank delivered it to Cheryl only without indorsing it at the back of the check and the effect of it is it is transferred by mere assignment only transfer of rights under a contract and ceases it to be negotiable under SEC 30 of NIL. SEC.…...

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