Examlex
Which of the following pairs of goods are likely to be substitutes for a large group of consumers?
Forged Indorsement
An unauthorized signature on a negotiable instrument, such as a check, meant to transfer the instrument’s ownership.
Conversion
The unauthorized act of possessing or disposing of someone else's property as if it were one's own, infringing the owner's rights.
Cashed Check
A check that has been presented to a bank or financial institution and exchanged for the equivalent amount in cash, indicating the check has been successfully processed.
Presentment Warranty
A guarantee made to the person who accepts or pays a negotiable instrument that certain facts are true as of the date of its transfer.
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