Joy Steals a Check from Kyle,forges His Signature,and Transfers the Check

question 5

Essay

Joy steals a check from Kyle,forges his signature,and transfers the check to Loco Loans,Inc. ,for value.Unaware that the signature is not Kyle's,Loco Loans presents the check to Metro Bank,the drawee,which cashes the check.Kyle discovers the forgery and insists that Metro recredit his account.Can Metro refuse? If not,from whom can the bank recover?

---

Definitions:

Coastal States

Regions located along the coastline, often characterized by their unique economic, cultural, and environmental aspects due to proximity to the ocean.

Empress of China

A historical reference to the first American ship to trade with China, setting sail in 1784 and marking the beginning of Sino-American trade relations.

Directly with Asia

Involves engaging, interacting, or conducting activities without intermediaries in countries within the continent of Asia.

Wind-Powered Ship

A seafaring vessel propelled primarily by sails that harness wind power, a crucial technology for transportation, trade, and warfare before the advent of steam and motor engines.