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:

Part-time Job

Employment with fewer hours per week than a full-time position, often offering flexibility but with lesser benefits.

Professional Baseball Game

A regulated and officially sanctioned sport event featuring teams of professional baseball players.

Transportation

The process or business of moving goods and people from one place to another.

Opportunity Cost

Losing the benefits of the closest substitute when a choice is made.