Vicki, a Bookkeeper for Emilio Enterprises, Steals Some of the Checks

Multiple Choice

Vicki, a bookkeeper for Emilio Enterprises, steals some of the checks she is supposed to post to her employer's account. She forges her employer's indorsement. The indorsement is:

A) effective as the employer's indorsement because Vicki's duties included processing the checks.
B) effective as the employer's indorsement because of the shelter rule.
C) not effective as the employer's indorsement since Vicki was an impostor.
D) not effective as the employer's indorsement because an unauthorized signature necessary to negotiation is inoperative.