Totally devastating house fire

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Reference no: EM133671333

Question

After a totally devastating house fire, Ralph solicits funds from town residents to give to the homeowners to help rebuild. Ralph asks those who write checks to make the checks out to Fire Relief Rebuilding Fund. He then, as an imposter, goes to Home town Bank, presents fake credentials, and indorses the checks and keeps the money for himself. The bank is liable to those who wrote checks to the fund that Ralph claimed to represent.

Reference no: EM133671333

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