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  • Catch Me If You Can Movie Review

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    Jn Fancuvilla Leaño
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    Frank Abagnale Jr. commits check fraud by forging payroll checks from PanAm Airlines and cashing forged cashier's checks. He is able to cash the checks by charming tellers and because cashier's checks are seen as reliable. However, one cashier's check Frank gives to Cheryl is not properly endorsed, so it is not a valid negotiation. Frank is found guilty of actual fraud despite being a minor of 17 years old. The various sections of the Negotiable Instruments Law that Frank's actions violate include those defining forgery, consideration, presentment of checks, and instances where banks can refuse payment such as when the holder cannot be identified or the check is believed to be forged.

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    Catch Me if You Can Movie Review

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    Frank Abagnale Jr. commits check fraud by forging payroll checks from PanAm Airlines and cashing forged cashier's checks. He is able to cash the checks by charming tellers and because cashier's checks are seen as reliable. However, one cashier's check Frank gives to Cheryl is not properly endorsed, so it is not a valid negotiation. Frank is found guilty of actual fraud despite being a minor of 17 years old. The various sections of the Negotiable Instruments Law that Frank's actions violate include those defining forgery, consideration, presentment of checks, and instances where banks can refuse payment such as when the holder cannot be identified or the check is believed to be forged.

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    1K views1 page

    Catch Me If You Can Movie Review

    Uploaded by

    Jn Fancuvilla Leaño
    Frank Abagnale Jr. commits check fraud by forging payroll checks from PanAm Airlines and cashing forged cashier's checks. He is able to cash the checks by charming tellers and because cashier's checks are seen as reliable. However, one cashier's check Frank gives to Cheryl is not properly endorsed, so it is not a valid negotiation. Frank is found guilty of actual fraud despite being a minor of 17 years old. The various sections of the Negotiable Instruments Law that Frank's actions violate include those defining forgery, consideration, presentment of checks, and instances where banks can refuse payment such as when the holder cannot be identified or the check is believed to be forged.

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    of 1

    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. Cashiers 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 cashiers 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 cashiers 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 cashiers 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. 58 states that the fraudulent alteration by holder, forgery and other infirmities appearing on the face of the instrument is a real defence. SEC 62 states the liability of an acceptor. The bank when he/she accepts the check, it becomes the acceptor of the check. Under SEC 62, he/she admits the existence of the drawer, the genuineness of his signature and his capacity and authority to draw the instrument and the existence of the payee and his then capacity to indorse. At first, banks first refuse to cash the check of frank because they didnt know him or the policy of the banks prohibited them to do so because they will bear the losses if they cashed it to a wrong person or if the check is defective. SEC 70 defined presentment for payment because in checks there is only presentment for payment. SEC 75 states that presentment for payment must be made during banking hours. Sec 186 states that a check must be presented for payment within a reasonable time after its issue. SEC 189 states the instances when the banks may refuse payment and in the movie, the reason is that the holder refuses to identify himself and the bank has the reason to believe that the check is a forgery. SY, RICHARD G. AC09404

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