Tanika Has a Checking Account at First Bank

question 62

Multiple Choice

Tanika has a checking account at First Bank.Orrin steals one of her blank checks,writes a check for $250 to himself,and then forges Tanika's signature.Orrin then indorses the instrument to Paul in payment of a debt.Paul,not realizing Orrin has forged Tanika's signature,presents the instrument to First Bank for payment.At First Bank's request,Paul indorses the instrument,and the bank then pays him $250.Which of the following is correct?

• A) Paul has breached the warranties on presentment.
• B) Orrin has breached the warranties on presentment.
• C) Tanika has breached the warranties on presentment.
• D) Paul,Orrin and Tanika have all breached the warranties on presentment.

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