Mila Owes Brad (Whom She Has Not Met)$4,000

question 40

Multiple Choice

Mila owes Brad (whom she has not met) $4,000.James,claiming to be Brad,gets Mila to issue him a check of $4,000.James forges Brad's indorsement and transfers the check to Hall.Which of the following statements is true?

• A)The responsibility for determining the true identity of the payee is on Hall.
• B)James has the power to negotiate a check drawn payable to Brad.
• C)Hall does not have good title to the check as Brad's signature is not valid.
• D)The loss is shared by Mila and Hall,who is the holder of the forged instrument.

---

Definitions:

Zwingli

A Swiss Reformation leader in the early 16th century, known for his efforts in reforming the church in Zurich, emphasizing the authority of the Bible and denying the Eucharistic presence.

Faith Alone

Faith Alone is a foundational doctrine in Protestant Christianity affirming that salvation and justification come through faith in Jesus Christ, not by human works.

Selling Indulgences

A practice, most prominent in the Catholic Church during the Middle Ages, where the church claimed that payment could reduce the punishment for sins for the payer or for their loved ones in purgatory.

Rich

Having a great deal of money, resources, or assets; wealthy.