Zeke Indorsed His Paycheck in Blank and Cashed It at His

question 39

Multiple Choice

Zeke indorsed his paycheck in blank and cashed it at his local grocery store.A burglar stole the check from the store, which immediately notified Zeke's employer.The employer gave the drawee bank a stop payment order.The burglar indorsed the check with a false name and transferred it to a convenience store, which took it for value and in good faith.When the check is presented to the drawee bank:

• A)in the absence of a real defense, the convenience store is entitled to payment from the drawer.
• B)the forged indorsement prevents the convenience store from collecting payment on the check.
• C)the convenience store cannot receive payment because it is not a holder.
• D)the convenience store cannot receive payment because it is not a holder in due course.

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Definitions:

Aboriginal Population

People who can trace their origins to First Nations, Inuit, or Métis in Canada.

Blended-Mode

An educational approach combining online digital media with traditional classroom methods.

Curriculum Delivery

The method or strategy used by educators to impart knowledge and skills to students.

Baccalaureate Degree

A postsecondary degree awarded after a course of study lasting three to seven years (or more), depending on the area of study.