Author Question: Jane Lane, a sole proprietor, has in her possession several checks that she received from her ... (Read 103 times)

EY67 · **on:** Jun 24, 2018

Jane Lane, a sole proprietor, has in her possession several checks that she received from her customers. Lane is concerned about the safety of the checks since she believes that many of them are bearer paper that may be cashed without endorsement. The checks in Lane's possession will be considered order paper rather than bearer paper if they were made payable (in the drawer's handwriting) to the order of:
a. Cash.
b. Ted Tint, and indorsed by Ted Tint in blank.
c. Bearer, and indorsed by Ken Kent, making them payable to Jane Lane.
d. Bearer, and indorsed by Sam Sole in blank.

Question 2

Under the U.S. Sentencing Guidelines, companies that violate environmental laws may face reduced penalties if they voluntarily report violations of the law.
a. True
b. False
Indicate whether the statement is true or false