USING IRAC FORMAT

(Issue, Rule, Analysis, Conclusion)

James is the store manager for Ross. As a manager, his duties are to prepare the bank deposit at the end of the business day. James had a very busy day and made a few mistakes. Three of the checks that James was to include with the deposit were lost in the parking lot after closing. Bob was walking through the parking lot and found the endorsed checks. Using IRAC determine what is the effect of Ross's endorsement on the lost checks?