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Question
Jones, a purchasing manager at the XYZ Corporation, has authority to make and sign checks drawn on the corporation's account. Jones completes a fake check to the Smith Supply Company for $100,000, signs it for XYZ, indorses it in Smith's name, and sells it to Hirsch, who takes it in good faith. Has the check been negotiated to Hirsch? Assume that the check is a negotiable instrument.
Answer
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Related questions
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