Curt Issues a Check Payable to Discount Mart

question 6

Multiple Choice

Curt issues a check payable to Discount Mart. Ethel, Discount's cashier, forges the store's indorsement and deposits the check in her bank account. Curt's bank, Farmers Bank, pays the check. Curt can recover from

• A) Ethel, but not the bank that paid Ethel .
• B) the bank that paid Ethel, which cannot recover from Ethel .
• C) the bank that paid Ethel, which can recover from Ethel .
• D) neither Ethel nor the bank that paid Ethel .

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Definitions:

Political Campaigns

Organized efforts to influence the decision-making process within a specific group, often related to elections.

Federal Employees

Workers who are employed by the federal government of a country, undertaking tasks and responsibilities dictated by governmental agencies.

Independent Regulatory Agency

A federal agency created to enforce and regulate laws in specific sectors, operating independently from the executive branch.

Executive Branch

The branch of government responsible for implementing and enforcing laws, headed by the president and including the cabinet and other officials.