Jones,a Purchasing Manager at the XYZ Corporation,has Authority to Make

Essay

Jones,a purchasing manager at the XYZ Corporation,has authority to make and sign checks drawn on the corporation's account.Jones completes a fake check to the Smith Supply Company for $100,000,signs it for XYZ,indorses it in Smith's name,and sells it to Hirsch,who takes it in good faith.Has the check been negotiated to Hirsch? Assume that the check is a negotiable instrument.