Jake steals dons check book writes out a check for 1000


Jake steals Don's check book, writes out a check for $1000, forges Don's signature, and gets payment from Don's bank. The bank paid in good faith. Who is liable to the bank for the $1000 in this case?

A) Tom

B) Dave

C) Both Tom and Dave

D) Neither Tom nor Dave

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Financial Accounting: Jake steals dons check book writes out a check for 1000
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