This topic contains a solution. Click here to go to the answer

Author Question: Clark is the senior payroll clerk for Gonzalez Corporation. When preparing the weekly payroll, Clark ... (Read 261 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
Clark is the senior payroll clerk for Gonzalez Corporation. When preparing the weekly payroll, Clark added the name of Simmons, a fictitious employee, to the payroll list. Lewis, the treasurer of the corporation, signed the payroll checks and delivered them to Clark. Clark distributed checks to the correct employees and kept the one made payable to the order of Simmons. Clark indorsed the name of Simmons to the check, cashed it at Diamond Check Cashing. In this situation:
 A) an indorsement was not necessary to negotiate the instrument.
 B) the Gonzalez Corporation can seek recovery against Diamond Check Cashing.
 C) the forged signature is given the same effect as though it had been authorized by the named payee.
 D) Clark is not subject to civil or criminal liability.

Question 2

Which is not a requirement for setting up an escrow?
 A)Valid and enforceable sales contract
 B)Deposit of deed with escrow agent
 C)Escrow instructions
 D)All of the above are required



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Answer to Question 1

C

Answer to Question 2

D




altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 24, 2018
Gracias!


apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library