Curt Issues a Check Payable to Discount Mart

Multiple Choice

Curt issues a check payable to Discount Mart. Ethel, Discount's cashier, forges the store's indorsement and deposits the check in her bank account. Curt's bank, Farmers Bank, pays the check. Curt can recover from

A) Ethel, but not the bank that paid Ethel .
B) the bank that paid Ethel, which cannot recover from Ethel .
C) the bank that paid Ethel, which can recover from Ethel .
D) neither Ethel nor the bank that paid Ethel .