× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
L
4
d
4
3
k
3
k
3
j
3
k
3
b
3
f
3
b
3
d
3
h
3
Home Q & A Board Other Fields Homework Help Business
New Topic  
swizznit3 swizznit3
wrote...
Go to Answer
Posts: 312
Rep: 0 0
6 years ago
Robb stole one of Markum's blank checks, made it payable to himself, and forged Markum's signature to it. The check was drawn on the Unity Trust Company. Robb cashed the check at the Friendly Check Cashing Company, which in turn deposited it with its bank, Farmer's National. Farmer's National proceeded to collect on the check from Unity Trust. The theft and forgery were quickly discovered by Markum, who promptly notified Unity. None of the parties mentioned were negligent. Who will bear the loss, assuming the amount cannot be recovered from Robb?
 a. Markum
  b. Unity Trust Company
  c. Friendly Check Cashing Company
  d. Farmer's National
Read 41 times
1 Reply
Replies
Answer verified by a subject expert
tiss9889tiss9889
wrote...
#1
Top Poster
Posts: 1193
Rep: 5 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

swizznit3 Author
wrote...

6 years ago
This site is awesome
vanna2014
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
karamsidhu1
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  964 People Browsing
 115 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 3554
  
 3477
  
 635