Rodeo Ranch's Agent Slim Is Authorized to Draw Checks on Rodeo

question 17

Multiple Choice

Rodeo Ranch's agent Slim is authorized to draw checks on Rodeo Ranch's account in Town Bank. Upper Range Corporation is a Rodeo Ranch supplier. Slim writes a check "pay to the order of Upper Range [signed] Slim," indorses the check in Upper Range's name, and deposits it in his account in Verity Bank. If Verity Bank collects payment, the ultimate party most likely to suffer the loss is

• A) no one.
• B) Rodeo Ranch.
• C) Town Bank.
• D) Upper Range.

---

Definitions:

Cholecystography

A diagnostic imaging procedure used to visualize the gallbladder and its function.

Cholangiography

An imaging test used to look at the bile ducts. It can show blockages or abnormalities in the bile ducts.

Colonoscopy

A medical procedure where a long, flexible tube with a camera on the end (colonoscope) is used to examine the inside of the colon and rectum.

Gallbladder Ultrasonography

A diagnostic imaging procedure using high-frequency sound waves to visualize the gallbladder and assess its health.