Conversion of an instrument will occur if:
A) a bank cashes a check with a forged indorsement.
B) a bank refuses to return a canceled check.
C) a bank takes a check from another bank.
D) an indorser gives a check to the bank.

Question

Quizplus · Accepted Answer

Conversion of an instrument, such as a check, occurs when someone, without authority, exercises rights over the instrument, such as cashing a check with a forged endorsement.

Conversion of an Instrument Will Occur If