Unaware which the signature is not kyles loco loans, Ask an Expert

Management Studies

Q. Bank Recovery
Joy steals a check from Kyle, forges his signature and transfers the check to Loco Loans, Inc., for value. Unaware which the signature is not Kyle's, Loco Loans presents the check to Metro Bank, the drawee, which cashes the check. Kyle discovers the forgery and insists which Metro recredit his account. Can Metro refuse? If not, from whom can the bank recover?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9356018

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