1) Bill stole one of Flower's checks. The check was filled outwith the amount of $1000, made payable to Jackson. The check wasdrawn on Wells Fargo Bank. Bill forged Jackson's signature on theback at Amscot Check Cashing. Amscot deposited the check in itsaccount at Bank of America. Bank of America proceeded to collectthe funds from Wells Fargo. Who will bear the loss, assuming theamount can not be recovered from Bill.
2) True or False. Grandpa Jones gives his granddaughter aninstrument which states that it is payable on the date of hermarriage. She gets married and tries to collect on the instrument.She is denied because the instrument is non-negotiable.