Exam 24: C: The Function Creation of Negotiable Instruments

In accord with banking industry practices,US Bank's computers are pro?grammed to verify signatures only on checks exceeding $1,000.US Bank cashes a check for $900 on the forged signature of its customer Vita.Under UCC Article 3,with respect to reasonable commercial standards,US Bank is

National Bank's policy is to examine signatures only on checks exceeding $2,500.Checks for lesser amounts are selected randomly for signature verification.National fails to verify a forged drawer's signature on a check for $1,500 drawn on Odel's account.Most likely liable for the amount is

Phoebe sends Rosinda a cashier's check for $1,000.Rosinda deposits the check into her account at Security Bank.The next business day,the bank confirms a $1,000 increase in Rosinda's account.She then wires Phoebe $150 for "fees." Later,the bank discovers that the check is a fake.Most likely,the loss falls to

Dustin loans Concepcion $50.Concepcion can aid sustainability by