Multiple Choice
Which of the following is the most likely result if Mehdi attempts to require that the bank reimburse him for the value of the check cashed by Caileen?
A) Because the check was a bearer instrument,the bank was authorized to pay Caileen;and Mehdi has no rights against the bank.
B) The check was an order instrument,and the bank must take the loss because it should only have provided funds to Mehdi.
C) Because the check was an order instrument,the bank was within its rights to pay Caileen because she presented the check;and Mehdi has no rights against the bank.
D) Regardless of what type of instrument the check was,the bank had no right to cash the check when presented by Caileen unless the bank can establish by a preponderance of the evidence that Caileen misrepresented herself as an agent of Mehdi.
E) Because the check was a bearer instrument,the bank must take the loss because it should only have provided the funds to Mehdi.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: If a third party never becomes involved
Q28: Which of the following was the ruling
Q30: What is the effect of the instruments
Q31: Which of the following is not a
Q32: As a general rule,the promise or order
Q34: Which of the following is true regarding
Q35: If Janet sues Bruce in his individual
Q36: Which term refers to the time it
Q36: The UCC requirement that the signature of
Q76: Anne orally promises Julia that in return