Social, Policy, and Ethical Considerations 1. How could the bank have prevented this problem? Is a clerk responsible for knowing exactly who is cashing a check and who gave value for it? What steps, if any, could Rita Bosworth have taken to verify the check's indorsements? 2. Did Tom West have a responsibility to ensure that his friend's check was legitimate? Should he have inquired about the indorsement? 3. What issues relating to the transfer of a negotiable instrument are involved here? What liability does the bank face? What liability does Tom West face? What warranties apply to each party