Bank paid in good faith, Jake steals Don's check book,

Bank paid in good faith

Assignment Help Financial Accounting

Reference no: EM13787682

Jake steals Don's check book, writes out a check for $1000, forges Don's signature, and gets payment from Don's bank. The bank paid in good faith. Who is liable to the bank for the $1000 in this case?

A) Tom

B) Dave

C) Both Tom and Dave

D) Neither Tom nor Dave

Reference no: EM13787682

Questions Cloud

How does ethnicity relate to an individual''s identity : How does ethnicity relate to an individual's identity? Give examples. What are some of the commonalities people might share with others whom they consider in the same ethnic group? Give examples. What is ethnic nationalism and why does it often lead ..

How leadership supports vision missionand strategy : Explain how the leadership supports vision, mission, and strategy in the organization.

Health care research issues : Identify and describe a specific example of health care research and how it is used by leaders in a health care work environment.

Business decisions can the managerial accountant support : What types of business decisions can the managerial accountant support? Give an example of one decision that is supported by managerial accounting and the type of report that might be generated to help make the decision identified.

Bank paid in good faith : Jake steals Don's check book, writes out a check for $1000, forges Don's signature, and gets payment from Don's bank. The bank paid in good faith. Who is liable to the bank for the $1000 in this case?

Write how competitive advantage is created : In a six page (total) APA format paper, write how competitive advantage is created in an optimal supply chain. The paper should be no longer than six pages. All grammar and spelling errors will constitute a two point grade reduction. You must use a m..

Describe how the subsidy alters the market outcome : Explain why the U.S. government subsidizes the industry - Describe how the subsidy alters the market outcome (address issues like the production possibility curve, quantity supplied and demanded and price).

Determine the amount of interest expense to report : On January 1, 2014, Robin Wright Inc. purchased land that had an assessed value of $303,000 at the time of purchase. A $654,000, zero-interest-bearing note due January 1, 2017, was given in exchange. There was no established exchange price for the la..

Problems based on biotechnology issues : What are some of the examples of biotechnology that have made improvements to your life?

User Account

All Pages