Steve Steals One of Tricia's Checks and Forges Her Signature

question 40

Multiple Choice

Steve steals one of Tricia's checks and forges her signature.Tricia's bank,Unity Bank,pays the check.Tricia can recover from

• A)Steve,but not Unity Bank.
• B)Unity Bank,which cannot recover from Steve.
• C)Unity Bank,which can recover from Steve.
• D)no one.

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Definitions:

Floating GAAP

Generally Accepted Accounting Principles that are adaptable and can change over time with financial reporting standards.

Regulatory Accounting

Accounting practices and policies that are guided by regulatory bodies to ensure transparency, accuracy, and compliance in financial reporting.

Conflicts of Interest

Situations where a person's private interests might interfere with their professional duties or responsibilities.

Mutual Expectations

This term describes the shared, understood obligations or beliefs about future actions between two or more parties in a relationship or agreement.