Generally, When an Endorsement on a Check Has Been Forged

question 12

Multiple Choice

Generally, when an endorsement on a check has been forged, which party is the party ultimately liable for the loss?

• A) The drawer.
• B) The first party to accept the forged instrument.
• C) The first endorser of the instrument.
• D) The bank of the first party to accept the forged instrument.
• E) The bank of the drawer even if proper notice was given of the forgery.

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Definitions:

Conscientious Employees

Employees who are diligent, responsible, and reliable in their work, often exceeding job expectations.

Constructive Resistance

Opposition or push-back that is intended to bring about positive change or improvement.

Dysfunctional Resistance

Counterproductive opposition to change or new ideas, which can harm an organization or group's progress.

Personal Power

Personal power is the influence or authority an individual has over others, derived from personal attributes or skills, rather than from formal positions.