Which of the Following Is Correct Regarding Whether the Bank

question 42

Multiple Choice

Which of the following is correct regarding whether the bank will legally have to accept responsibility for the check presented by Renee?

• A) The bank has no responsibility to repay Harold on the basis that because Renee was an employee, the check was not considered forged.
• B) The bank will be required to repay Harold because the check was forged.
• C) Harold will have to bear the loss because the check was paid before the bank had notice of the forgery.
• D) Harold will not have to bear the loss because the forgeries were by an employee; otherwise, he would have had to bear the loss.
• E) The bank will likely not be required to repay Harold because Harold's negligence in leaving the rubber stamp with his signature readily available likely substantially contributed to the forged signature.

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Technological Improvement

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Capitalist

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

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Economic systems based on collective or governmental ownership of the means of production and distribution of goods, where allocation is based on equality or need.

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A framework that defines how economic activities, including production, distribution, and consumption of goods and services, are organized and governed within a society.