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What If the Facts Were Different? Assume that Jacob convinced the potential customers to write...

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Accounting

What If the Facts Were Different?
Assume that Jacob convinced the potential customers to write checks out to him personally,
rather than MPTC. Jacob then signed the checks and deposited them with Peoples Bank.
Peoples Bank had no notice of the fraud.
In this case,
Jacob
is the drawer, and
is the payee
MPTC's name
select answer -
appear on the check. The checks
select answer
negotiable. Therefore, Peoples Bank
select answer
accepted the checks for deposit.
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