If a Party Presents a Check Containing a Forged Signature

question 76

Multiple Choice

If a party presents a check containing a forged signature to a bank for payment that the bank pays,from whom can the bank collect,assuming the bank is given appropriate notice when the drawer discovers the forgery?

• A) the forger only
• B) the forger or the drawer
• C) the forger or the party who presented the check
• D) the forger or the party who presented the check, but only if the party presenting the check had knowledge that the signature was not genuine
• E) the forger and any person who has been a holder

Interpret isoquants and understand their significance in production theory.

Recognize production functions with constant, decreasing, or increasing returns to scale.

Identify the relationship between input ratios and output levels, including the concept of the marginal product of labor.

Understand the elasticity of substitution between inputs in production processes.

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