In Which of the Following Situations Has Conversion NOT Occurred

question 30

Multiple Choice

In which of the following situations has conversion NOT occurred?

• A)When a drawee bank pays an instrument containing a forged indorsement
• B)When a drawee to whom a draft is delivered for acceptance properly returns it upon request
• C)When a bank pays an instrument containing only one of two required indorsements
• D)When a thief transfers possession of an instrument to someone who knows of the theft

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Definitions:

Software Code

The written commands and instructions that tell a computer how to perform specific tasks and operations.

Client Control

The extent to which clients can influence, manage, or direct the services or products they are receiving.

Product

An item or service developed, manufactured, or provided to fulfill the needs or desires of consumers.

Closeout

The act of completing all project-related tasks, documenting outcomes, and formalizing the conclusion of a project.