What is the rule set forth by that provision Nancy Mahar was the office manager at Golden Years Nursing Home, Inc She was given a signature stamp to issue checks to the nursing homes employees for up to $100 as advances on their pay The checks were drawn on Golden Years account at First National Bank Over a seven year period, Mahar wrote a number of checks to employees exclusively for the purpose of embezzling funds for herself She forged the employees indorsements on the checks, signed her name as a second indorser, and deposited the checks in her personal account at Star Bank The employees whose names were on the checks never actually requested them When the scheme was uncovered, Golden Years filed a suit against Mahar, Star Bank, and others to recover the funds

Question

What is the rule set forth by that provision  Nancy Mahar was the office manager at Golden Years Nursing Home, Inc  She was given a signature stamp to issue checks to the nursing homes employees for up to $100 as advances on their pay  The checks were drawn on Golden Years account at First National Bank  Over a seven year period, Mahar wrote a number of checks to employees exclusively for the purpose of embezzling funds for herself  She forged the employees indorsements on the checks, signed her name as a second indorser, and deposited the checks in her personal account at Star Bank  The employees whose names were on the checks never actually requested them  When the scheme was uncovered, Golden Years filed a suit against Mahar, Star Bank, and others to recover the funds

SolutionInn · Accepted Answer

In most circumstances an unauthorized indorsement will not bind the maker or drawer Under the UCC p...

Question: What is the rule set forth by that provision? Nancy Mahar was the office manager at Golden Years Nursing Home, Inc. She was given a

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