Can metro refuse if not from whom can the bank recover

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Reference no: EM1390769

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?

Reference no: EM1390769

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