Which of the Following Is the Most Likely Result If

question 75

Multiple Choice

Which of the following is the most likely result if an agent admits to the principal that a check for the principal was forged and placed into the agent's bank account, but the principal does nothing until two months later after the agent leaves town with the funds?

• A) Because the checks were forged, the principal can receive reimbursement of the funds from any maker involved or any bank that cashed the checks.
• B) The principal can receive reimbursement from makers of the checks only.
• C) The principal can receive reimbursement from any bank that cashed the checks only.
• D) It is likely that it will be determined that the principal ratified the signatures and that the principal cannot recover from either makers or banks that cashed the checks.
• E) The principal can recover from either the makers or any banks who cashed the checks only if it can be shown that the agent cannot be located for criminal prosecution.

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Definitions:

Craft Product

An item that is made traditionally by hand, or with minimal mechanization, often emphasizing quality and uniqueness.

Art Product

A creation resulting from artistic activities, such as paintings, sculptures, or design pieces, intended for aesthetic appreciation or cultural significance.

Cultural Formulas

Predefined, widely recognized patterns or themes in media and literature that are replicated because they resonate with cultural norms and values.

Late Majority

A segment of technology adoption lifecycle that represents consumers who are skeptical and adopt new products or technologies after the average member of society.