Carl writes a check for $500, payable to Fred. Fred changes the 5 to a 6 and
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Question:
Carl writes a check for $500, payable to Fred. Fred changes the 5 to a 6 and deposits the check in his bank account. Which of the following statements is true?
A. While something illegal has occurred, it\\\'s not violation of any warranty.
B. Fred has violated an indorser\\\'s warranty to the bank.
C. Carl has violated an indorser\\\'s warranty to the bank.
D. The bank has violated an indorser\\\'s warranty to Carl.
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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