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Mack Writes a Check to His Maid,Marianne,in Payment for Services

question 3

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Mack writes a check to his maid,Marianne,in payment for services rendered.Marianne indorses the check in blank and gives the check to her masseuse,Janet,in exchange for a neck massage.Without indorsing the check,Janet gives the check to Martin,her newspaper carrier,in payment for the next four months' delivery charges.Martin indorses with a special indorsement and negotiates the check to his church,St.Mark.The church indorses the check and deposits it in its bank account.If Mack's bank later dishonors the check,to whom may St.Mark's look for recovery?


Definitions:

Site

A location on the Internet, identifiable by a unique URL, where content related to a particular topic, organization, or individual is hosted and can be accessed by users.

Data Breach

An incident where confidential, sensitive, or protected information is accessed or disclosed without authorization.

Equifax

A global data, analytics, and technology company that provides credit reporting and other financial information services.

CIO

Chief Information Officer, a senior executive responsible for managing and implementing information and computer technologies within an organization.

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