Daisy Signs a Check "Pay to the Order of Ewan

question 38

Multiple Choice

Daisy signs a check "pay to the order of Ewan" drawn on Daisy's account in Finance Bank. Graham forges Ewan's indorsement. Finance Bank pays the check. Most likely​

• A) ​Ewan will have to pay Daisy for the amount.
• B) ​the Federal Reserve will reimburse all parties for their costs.
• C) ​Finance Bank will have to recredit Daisy's account.
• D) ​Daisy will be liable for the amount.

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