Sarah Has a Checking Account at First Bank

question 47

Multiple Choice

Sarah has a checking account at First Bank.Orrin steals one of her blank checks, writes a check for $250 to himself, and then forges Sarah's signature.Orrin then indorses the instrument to Paul in payment of a debt.Paul, not realizing Orrin has forged Sarah'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)Sarah has breached the warranties on presentment.
• D)All of these are correct.

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Definitions:

Multitasking

The ability to handle more than one task simultaneously.

IM

Instant Messaging (IM) is a form of communication over the internet that allows two or more people to exchange text messages in real-time.

Deferential

Showing respect and submission to the opinions, wishes, or judgment of others, often in a way that indicates respect for their authority or seniority.

Interpersonal Conflict

A disagreement or conflict between individuals due to differences in opinions, values, or needs.