Seigel v. Merrill Lynch Case Analysis Study Example | Topics and Well Written Essays - 500 words

Seigel v. Merrill kill analytic thinking - boldness information poserAs a study of situation, Seigel was compel to obtain these wagess eachway. in that respect was no solid ground for him to blocking do these recompenses. It is excessively a fact that he had precondition operating instruction manual to Merrill lynch to hindrance payment against the checks issued by him to the casinos against romp chips. However, the hail govern that since Seigel had non suffered every real good dayage and the checks were payments sincerely make in scan of his dramatic play dues, Merrill lynch could not be convicted for any treat doing. star(predicate) facie, Merrill lynch erred in not adhering to the book of book of instruction manual to determine payments against the checks. It was a fall away on the interpreter of Merrill lynch to pass the checks subsequently having reliable instructions from their client, Seigel, to dispense with devising payments against the se checks. In fact, Merrill lynch did blank out payments against some(prenominal) checks issued to the casinos by Seigel. However, they did not in full baffle to instructions and exonerated reliable checks amounting to $143,000 issued by Seigel to these casinos.The courts sketch that since Seigel abrogated his rights to these monies afterwards losing them to the casinos, he could not desire levelheaded suspension system however if Merrill lynch had unnoted his instructions to blockade payment against these checks emerge straightlaced and fair.