Planter Is a Consultant for Succulent Co

Essay

Planter is a consultant for Succulent Co. and they issue him a $5,000 check payable to cash as payment. Before leaving for the bus, the Planter, in hast, stuffs the check in his briefcase without indorsement. Later that day, the briefcase is stolen, and the thief then signs his own name and indorses it with "Pay to the Order of Kane's Furniture." The thief delivers the check to the furniture store to satisfy an outstanding debt on a recent purchase. Your common sense may tell you that the thief would not prevail in this case, but what is the legal reasoning? Classify the roles of Planter, Succulent Co., and the thief classified in this transaction? Explain.