Giuseppe Writes a Check "Payable to Bearer" and Hands It

question 22

Multiple Choice

Giuseppe writes a check "payable to bearer" and hands it to Hamilton. Imogene steals the check and delivers it to Jocelyn, an innocent third person. Hamilton can recover the proceeds of the check from

• A) Imogene.
• B) Jocelyn.
• C) Giuseppe.
• D) no one.

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Definitions:

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.