Explain theAddressesing the check fraud and losses.

Reference no: EM1326686

Heat Oil has a checking account with the Bank of Stern for its payroll expenses. One day Garnett, who has a checking account at Jordan Bank, breaks into Heat Oil's office and steals the company's checkbook. He makes out a check to himself for $200, and indorses the check to Best Buy for the purchase of an iPod. Best Buy deposits the check into its own account with Jordan Bank. The Bank of Stern pays the check. Garnett takes his iPod and boards a flight to Los Angeles.

1) What party is likely to absorb the loss and why?

Reference no: EM1326686

Questions Cloud

Explain designing technologies : Explain Designing Technologies and Discuss why interfaces need to be transparent and adaptable to their users

Illustrate what happens if there is an raise in demand : Illustrate what happens if there is an raise in demand that increases the price of the firm's product by 10%.

Identify the main elements of the us criminal : recognize the key elements of the US criminal justice system and explain how they relate to the job of the computer forensic investigator? Support the opinion or any arguments you may make.

Prepare an salary statement for the month : Prepare an salary statement for the month utilizing the contribution format and the variable costing method.

Explain theAddressesing the check fraud and losses. : Heat Oil has a checking account with the Bank of Stern for its payroll expenses. One day Garnett, who has a checking account at Jordan Bank, breaks into Heat Oil's office and steals the company's checkbook.

Explain four infrastructures that influence strategy : Explain Four infrastructures that influence strategy in an e-commerce company and Discuss the strategy involved in running an e-commerce company

Explaining leadership of inspiring leader : Research two people that you consider to an inspiring leader, who are not managers. Make sure the leaders you use are not managers.

What is definition of uml and ood : Requirements Analysis: includes of collecting requirements, interviewing customers, and selecting a DBMS system.

What method would work best for a retail organization : What are important considerations for an organization dispose of old computer equipment? What method would work best for a retail organization?

User Account

All Pages