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:

Handmade

Products or goods that are crafted using hand labor instead of mass production methods, often implying higher quality or artisanal value.

Noncooperative Low-Price Strategy

A market strategy where businesses independently set lower prices without coordinating with competitors, aiming to undercut the competition.

Tit-For-Tat Strategy

A reciprocal strategy where an entity responds to an action with a similar response, often used in game theory and conflict resolution.

High-Price Strategy

A marketing strategy in which a firm sets the price of its products higher than the competition, typically to signal superior quality.