What If the Facts Were Different? Assume that Jacob convinced the potential customers to write...
90.2K
Verified Solution
Link Copied!
Question
Accounting
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 MPTCs name select answer appear on the check. The checks select answer negotiable. Therefore, Peoples Bank select answer accepted the checks for deposit. 
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
MPTCs name
select answer
appear on the check. The checks
select answer
negotiable. Therefore, Peoples Bank
select answer
accepted the checks for deposit.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.