Question: Use the I - R - A - C format for each of your responses. Make sure to fully define any BUS 2 0 4

Use the I-R-A-C format for each of your responses. Make sure to fully define any BUS 2040 terms. State the rules clearly. Do not mix application into the Rules section.
Ch.28 Banking: Rowan, who works as an accountant for Blossoms
& Blooms, begins to copy and print blank Floras Flowers checks on
their office computer. He makes the checks payable to Blossoms &
Blooms, forges the signature of Lily Rose, the owner of Floras
Flowers, and deposits the items at his employers bank, but into a
different account. When the checks clear, Rowan withdraws the
amounts to spend on himself. Floras Flowers check-handling
process lacks audit controls, and the company did not discover the
forgeries for more than two years. By that time, the series of forged
checks totals $74,000. Floras Flowers immediately contacts its bank,
Flowerington Bank, and requests that it recredit the companys
account on which the checks were drawn. Is Flowerington Bank
required to recredit Floras Flowers? Please explain your answer
in detail.

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