Bill Submits a Time Card for a Non-Existent Employee

question 31

Multiple Choice

Bill submits a time card for a non-existent employee.The employer issues the payroll check.Bill forges the indorsement and negotiates the check to Ted.Which of the following statements holds true for this situation?

• A) The loss from the forged check is borne by the holder in due course.
• B) The check cannot be negotiated as it carries the signature of a non-existent person.
• C) The employer has the right to refuse payment to Ted.
• D) Ted submits the check to the employer and gets the mentioned amount.

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Definitions:

Executive Personality

A term referring to personality traits associated with effective leadership and management, such as decisiveness, problem-solving abilities, and the capacity to motivate others.

Gratification

The satisfaction or pleasure felt when a desire, need, or expectation is fulfilled.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality.

Dominated Personality

A personality type that tends to exert control or influence over others, often characterized by assertiveness and decisiveness.