Beulah majors and deposited the check into her own account

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Reference no: EM13787548

Francine is the VP of Rockledge INC. As a company officer, she has authority to sign checks for Rockledge. One day, Francine makes out a check drawn from Rockledges account and payable to Beluah Majors, a made-up name. Francine then indorsed the name "Beulah Majors" and deposited the check into her own account. Is Rockledge liable on this check?

A) Yes, because of the factious payee rule

B) No, because Francine forged the indorsement of Beulah Majors

C) Yes, because ultimately Rockledge will have Francine prosecuted for embezzlement

D) No, because Francine acted without authority and outside her job duties

Reference no: EM13787548

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