If an Employee with Responsibility for Issuing Instruments Forges a Check

question 17

Multiple Choice

If an employee with responsibility for issuing instruments forges a check or other instrument,then any indorsement in the name of the payee,or a similar name,is valid as long as the person who pays the instrument doesn't know of the fraud.

• A)the Imposter Rule
• B)the Conversion Rule
• C)the Employee Indorsement Rule
• D)the Fictitious Payee Rule

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Definitions:

Referent Power

A form of influence derived from the charisma and interpersonal appeal of the leader, often leading to admiration and the desire to emulate.

John F. Kennedy

The 35th President of the United States, serving from January 1961 until his assassination in November 1963, known for his contributions to civil rights and space exploration.

Informal Authority

Influence and power within an organization that stems from personal attributes or relationships, rather than formal position.

Social Position

The standing or rank of a person or group within the social hierarchy of a society.