Clyde issues a check payable to Discount Mart.Emma,Discount's cashier,forges the store's indorsement and deposits the check in her bank ac-count.Clyde's bank,First State Bank,pays the check.Clyde can recover from

Question

Clyde issues a check payable to Discount Mart.Emma,Discount's cashier,forges the store's indorsement and deposits the check in her bank ac-count.Clyde's bank,First State Bank,pays the check.Clyde can recover from​

Quizplus · Accepted Answer

Clyde can recover from First State Bank because the bank paid on a forged indorsement, which is unauthorized. First State Bank can then seek recovery from Emma, who committed the forgery.

Clyde Issues a Check Payable to Discount Mart