What If the Facts Were Different?

Assume that Jacob convinced the potential customers to write checks out to him personally,

rather than MPTC$.$ Jacob then signed the checks and deposited them with Peoples Bank.

Peoples Bank had no notice of the fraud.

In this case,

Jacob

is the drawer, and

is the payee

MPTC$\text{'}$s name

select answer $-$

appear on the check. The checks

select answer

negotiable. Therefore, Peoples Bank

select answer

accepted the checks for deposit.