Which of the Following Was the Result on Appeal in the Case

question 62

Multiple Choice

Which of the following was the result on appeal in the Case Opener in which the plaintiff optometrist sued the defending bank for cashing over 500 checks that his receptionist fraudulently embezzled through forging his signature?

• A) Because both the plaintiff and the bank were found negligent, the plaintiff was denied recovery.
• B) Because only the bank was found negligent, the plaintiff was denied recovery.
• C) Because both the plaintiff and the bank were found negligent, the plaintiff recovered only 50% of his losses.
• D) Because only the bank was found negligent, the plaintiff was entitled to recover the value of the checks.
• E) Based on public policy, the plaintiff was denied recovery although no negligence was found on the part of either party.

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Definitions:

Cash Budgeting

The process of forecasting future financial positions based on anticipated cash receipts and disbursements.

Taxes

Taxes are compulsory financial charges imposed by a government on individuals and organizations to fund public expenditures.

Restrictive Policy

Measures or guidelines implemented to limit certain activities or behaviors, often for regulatory, safety, or quality reasons.

Credit Availability

The extent to which individuals and businesses can obtain loans or credit from financial institutions.