Asked by Liezel Paglinawan on May 06, 2024
Verified
Andrews forged the signature of Baumann on a check and gave it to Callas in payment for merchandise.Callas indorsed the check and delivered it to Davis as down payment on a car.When Davis presented the check to the bank for payment,the forgery was recognized.Callas claimed that he was not liable to Davis because he had no knowledge of the forgery.Discuss.
Forged Signature
A signature that is fraudulently copied or imitated without the authorization of the person whose signature it purports to be, often intended to deceive or commit fraud.
Forgery
The false making or alteration of a writing with the intent to defraud.
Indorsed
Refers to the signing and passing of rights of a negotiable financial instrument to another party.
- Comprehend the outcomes of fabrication and legal responsibility in monetary devices.
Verified Answer
PG
pedro gonzalezMay 06, 2024
Final Answer :
Callas is liable to Davis because by indorsing the check,Callas impliedly warranted that all signatures on the instrument were genuine or authorized.
Learning Objectives
- Comprehend the outcomes of fabrication and legal responsibility in monetary devices.