Curt issues a check payable to Discount Mart. Ethel, Discount's cashier, forges the store's indorsement and deposits the check in her bank account. Curt's bank, Farmers Bank, pays the check. Curt can recover from

Question

Quizplus · Accepted Answer

Curt can recover from the bank because the bank paid out on a forged indorsement. The bank, in turn, has the right to recover the funds from Ethel, who committed the forgery.

Curt Issues a Check Payable to Discount Mart