Were the funds validly negotiated to computer

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Reference no: EM131471889

Question: Charles Risner owned Metro Electric & Maintenance, Inc. and Computer Power and Technology, Inc., which both had checking accounts with Bank One Corp. Metro had customers and frequent deposits, but Computer was dormant. Risner's daughter Janece was the office manager and bookkeeper for both corporations. She deposited checks payable to Metro into Computer's account. The checks had no indorsement. Janece would then write checks to herself from Computer's account. When Charles discovered the embezzlement, he sued Bank One and Janece. Were the funds validly negotiated to Computer?

Reference no: EM131471889

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