Solved

Tom Steals Dave's Checkbook,completes a Check for $1,000,forges Dave's Signature,and

Question 22

Multiple Choice

Tom steals Dave's checkbook,completes a check for $1,000,forges Dave's signature,and gets payment from Tom's bank.The bank paid in good faith.Who is liable to the bank for the $1,000 in this case?


A) Tom
B) Dave
C) Both Tom and Dave
D) Neither Tom nor Dave

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: What section of the UCC addresses enforcement

Q13: Warranties do not apply without the indorsement

Q17: Jerry Hall makes out a note for

Q19: Suzy gets Joe to fix her computer

Q27: National bank is reluctant to lend money

Q34: All of the following constitute transfer warranties

Q35: Jones,a purchasing manager at the XYZ Corporation,has

Q64: If a person signs a check as

Q81: Usually,who may have the power to surrender

Q89: What form of liability exists when a