Company accountant issued a check in the name of a fictitious vendor. She then indorsed in the fake vendors name and cashed it. Must the company pay this check?

	a.	Yes. Indorsement in the fictitious persons name is a valid indorsement.
	b.	This depends on the amount of the check. If over $500, the company is not liable. The bank takes this loss.
	c.	No. The instrument is void because the payee does not exist.
	d.	This depends on how long the accountant has had check writing authority.