A Bank Cannot Recover from a Holder Who Cashes a Check

question 48

True/False

A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.

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Definitions:

Machine Division

A segment within a manufacturing firm that focuses on the operation and maintenance of machinery.

Return On Investment (ROI)

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of the investment by its cost.

Residual Income

The net income that an investment earns beyond the minimum rate of return.

Margin

Generally refers to the difference between the selling price and the cost of a product or service, often expressed as a percentage of the selling price.