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Question
City Bank issues to Dave a cashier's check. Evan steals the check, forges Dave's signature, adds his own signature, and cashes it at First County Bank, which obtains payment from City. Dave discovers the theft and obtains a replacement check from City, which sues First. The court will likely rule in favor ofa. City, because First breached the presentment warranty that there are no unauthorized indorsements on the check.
b. City, because First can recover the money from Evan.
c. First, because City breached the presentment warranty that there are no unauthorized indorsements on the check.
d. First, because City can recover the money from Dave.
Answer
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