Simon Signs a Check "Pay to the Order of Tilly

question 3

Multiple Choice

Simon signs a check "pay to the order of Tilly" drawn on Simon's account in United Bank. Vela forges Tilly's indorsement, First Federal Bank cashes the check, and Vela disappears. United pays First Federal and debits Simon's account. Most likely, the ultimate loss will fall on

• A) Simon.
• B) Trudy.
• C) United Bank.
• D) First Federal Bank.

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Definitions:

Cross-Unit Incentives

Incentive programs designed to encourage collaboration and shared success between different departments or divisions within an organization.

Financial Incentives

Monetary rewards or benefits offered to influence the behavior or actions of individuals or organizations, such as bonuses, subsidies, or tax credits.

Contract Employees

Outside workers who are hired by a firm to perform specific predetermined tasks for a company and who are paid by the job.

Permanent Employees

Individuals employed on an ongoing basis, typically with full-time hours and benefits.