Questions from Business Law


Q: What are two situations in which unauthorized signatures arise?

What are two situations in which unauthorized signatures arise?

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Q: When an indorsement is forged or unauthorized, who bears the burden

When an indorsement is forged or unauthorized, who bears the burden of loss?

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Q: What is the difference between a cashier’s check and a certified check

What is the difference between a cashier’s check and a certified check?

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Q: How can businesspersons encourage ethical conduct in their workplaces?

How can businesspersons encourage ethical conduct in their workplaces?

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Q: Who suffers the loss when a bank pays a check bearing a

Who suffers the loss when a bank pays a check bearing a forged indorsement?

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Q: What is a substitute check?

What is a substitute check?

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Q: If a customer loses a debit card and others use it to

If a customer loses a debit card and others use it to make unauthorized purchases, how much is the customer required to pay?

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Q: What constitutes an unauthorized transfer under the Electronic Funds Transfer Act?

What constitutes an unauthorized transfer under the Electronic Funds Transfer Act?

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Q: What federal act was passed to combat identity theft?

What federal act was passed to combat identity theft?

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Q: What is an agency relationship?

What is an agency relationship?

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