Conversion of an Instrument Will Occur If

question 22

Multiple Choice

Conversion of an instrument will occur if:

• A) a bank cashes a check with a forged indorsement.
• B) a bank refuses to return a canceled check.
• C) a bank takes a check from another bank.
• D) an indorser gives a check to the bank.

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Definitions:

Company Files

Documents, records, or electronic data that contain important information about a business's operations, financials, or strategies.

Supervisors

Individuals in charge of overseeing and managing the work of others, ensuring tasks are completed adequately.

Colleagues

Individuals with whom one works, especially within a profession or a specific project group.

Memo

A short document or note that is used for communication within an organization, often to inform employees about policies or announcements.