Simon Signs a Check "Pay to the Order of Tilly

question 15

Multiple Choice

Simon signs a check "pay to the order of Tilly" drawn on Simon's account in United Bank. Vela forges Tilly's indorsement,Western Bank cashes the check,and Vela disappears. United pays Western and debits Simon's account. Most likely,the ultimate loss will fall on

• A)Simon.
• B)Trudy.
• C)United Bank.
• D)Western Bank.

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Definitions:

Objective Study

An investigation or analysis conducted in an impartial and unbiased manner, focusing on factual evidence.

Snapshot Case Study

A case study approach that provides a detailed examination of a subject or phenomenon at a specific point in time.

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Point in Time

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