Question
buisness law and ethics Bill's weekly paycheck was stolen by a thief. The thief indorsed Bill's name and cashed the check at the drawee bank
buisness law and ethics
Bill's weekly paycheck was stolen by a thief. The thief indorsed Bill's name and cashed the check at the drawee bank before Bill's employer had time to stop pay-ment. May the drawee bank charge this payment against the drawer's account? Explain.
b. Would the result change in (a) if Bill had carelessly left his check where it could easily be picked up by the thief? Explain.
c. Would the result change in (a) if the bank had specific regulations that tellers were not to cash any check without examining the identification of the person asking for cash?
d. Would the result change if Bill's employer had carelessly left the check where it could be found by the thief?
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