Question
Aubrey Devlin works as a loan officer for Dawn Bank. Aubrey is concerned that a customer may claim at a later stage that he/she was
Aubrey Devlin works as a loan officer for Dawn Bank. Aubrey is concerned that a customer may claim at a later stage that he/she was not the person who signed collateral documentation. Below is a list of possible remedies that Aubrey may pursue to ensure that a customer will not be able to claim that a signature did not belong to him or her. Select the best option on the list.
a. | Aubrey should refuse any transaction where collateral is required.
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b. | Aubrey should ask for the customer's fingerprints to be taken.
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c. | Aubrey should ensure that the documentation is signed in front of two witnesses and that the two witnesses also sign the documents as witnesses.
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d. | Aubrey should only rely on collateral already held by Dawn Bank.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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