Max is the clerk for the Superior Construction Company He makes out the payroll prepares all of the payroll checks and reconciles the bank statements for the firm He decides to increase his income by padding the payroll accordingly, he makes out a check in the name of someone who does not exist He then indorses the check with the payee's name and his name and cashes the check himself at Lane Street Bank where the company has its account Under the fictitious payee imposter rule, who will be liable for this check No one is liable on this check Superior Construction Company Land Street Bank Both the Construction company and the bank Stacy used her Macy's Department Store credit card on Monday to buy a sweater for $39 85 sweater and then lost the card Someone found the card Monday and charged a $100 scarf and $400 purse Stacy called the store at 8am on Tuesday (the next day) and reported her car missing More charges then appeared for a coat for $4,000 Stacy's bill was $4,539 85 Stacy owes $39 85 the amount for her sweater $50 the amount of the $50 lost card limit $539 85 the amount for the charges on Monday $89 85 the amount for her sweater plus a $50 lost card limit Mike goes into a local fast food restaurant to order lunch While there, he sees a list of names taped to the wall that says do not take checks from and he is astonished to see his name on the list He asks to see the manager who tells Mike that this is a list of people who have written bad checks in the past year and this is a standard practice so that the cashiers will not take checks from these people again Mike admits to writing a bad check which he later made good, including paying a fee to the restaurant He tells the manger that the list is only a way to embarrass people, not to help the cashiers What is the likely outcome Because Mike did actually write a bad check, there is nothing false on the list and the restaurant can leave it up Because the restaurant is entitled to protect themselves from bad checks, they cna leave the list up Because Mike admits to the bad check, but paid it off, including the fees, his name should not be on the list Because it is an invasion of privacy involving credit, the manager cannot display the list publicly

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Max is the clerk for the Superior Construction Company. He makes out the payroll; prepares all of the payroll checks and reconciles the bank statements

Max is the clerk for the Superior Construction Company. He makes out the payroll; prepares all of the payroll checks and reconciles the bank statements for the firm. He decides to increase his income by padding the payroll; accordingly, he makes out a check in the name of someone who does not exist. He then indorses the check with the payee's name and his name and cashes the check himself at Lane Street Bank where the company has its account. Under the fictitious payee/imposter rule, who will be liable for this check?

No one is liable on this check

Superior Construction Company

Land Street Bank

Both the Construction company and the bank

Stacy used her Macy's Department Store credit card on Monday to buy a sweater for $39.85 sweater and then lost the card. Someone found the card Monday and charged a $100 scarf and $400 purse. Stacy called the store at 8am on Tuesday (the next day) and reported her car missing. More charges then appeared for a coat for $4,000. Stacy's bill was $4,539.85. Stacy owes:

		$39.85 the amount for her sweater
		$50 the amount of the $50 lost card limit
		$539.85 the amount for the charges on Monday
		$89.85- the amount for her sweater plus a $50 lost card limit

Mike goes into a local fast food restaurant to order lunch. While there, he sees a list of names taped to the wall that says "do not take checks from" and he is astonished to see his name on the list. He asks to see the manager who tells Mike that this is a list of people who have written bad checks in the past year and this is a standard practice so that the cashiers will not take checks from these people again. Mike admits to writing a bad check which he later made good, including paying a fee to the restaurant. He tells the manger that the list is only a way to embarrass people, not to help the cashiers. What is the likely outcome?

		Because Mike did actually write a bad check, there is nothing false on the list and the restaurant can leave it up.
		Because the restaurant is entitled to protect themselves from bad checks, they cna leave the list up
		Because Mike admits to the bad check, but paid it off, including the fees, his name should not be on the list.
		Because it is an invasion of privacy involving credit, the manager cannot display the list publicly