Ted stole Ron's checkbook and wrote a check for $100,forging Ron's signature.Under these circumstances:

Question

Quizplus · Accepted Answer

Under the given circumstances,Ted but not Ron is liable on the check.If someone signs a person's name to a negotiable instrument without that person's authorization or approval,the signature does not bind the person whose name appears.Ted's forgery of Ron's signature operates as Ted's signature.Thus,if Ted cashed the check at the bank,Ted would be liable to the bank to make it good or if he negotiated it to a store for value,he would be liable to the store to make it good.

Ted Stole Ron's Checkbook and Wrote a Check for $100,forging