Roy signs corporate checks for Standard Corporation. Roy makes a check payable to U-All Company, to whom

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Roy signs corporate checks for Standard Corporation. Roy makes a check payable to U-All Company, to whom Standard owes no money. Roy signs the check, forges U-All’s indorsement, and cashes the check at First State Bank, the drawee. Does Standard have any recourse against the bank for the payment? Explain your answer.

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Business Law Text and Exercises

ISBN: 978-1305509603

8th edition

Authors: Roger LeRoy Miller, William E. Hollowell

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