Question: 1.Norbert worked in payroll for Will Co. and signed payroll checks. Norbert wrote a check to Bradley Pitte, a fictitious employee, took it to the
1.Norbert worked in payroll for Will Co. and signed payroll checks. Norbert wrote a check to Bradley Pitte,
a fictitious employee, took it to the bank with fake I.D., indorsed the back with Pittes signature, and was paid in cash.a)Bank is liable for wrongful acceptance.b)Bank is not liable under the common law of conversion. c)Bank is not liable under UCC liability rules.
2. Which of the following is not a transferee warranty?
a)Warrantor is entitled to enforce the instrument.b)The drawer has sufficient funds to pay the instrument.c)The instrument has not been altered.d)All signatures are authentic or authorized.
Thank you so much!
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