Uniform Commercial Code Unauthorized Indorsements

For this assignment, you will consider the nature and types of indorsements, and the liability of a bank for unauthorized indorsements.

By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and assignment criteria:

  • Competency 1: Explain how the Uniform Commercial Code governs commercial transactions.
    • Distinguish between authorized and unauthorized indorsements, under the provisions of the UCC.
    • Determine whether the holder of a note is entitled to enforce it, under the provisions of the UCC.
  • Competency 6: Communicate professionally, according to the expectations of the field of accounting.
    • Express main points, arguments, concepts, and information coherently and logically.

Assignment Instructions

Analyze Business Case 27-6, “Unauthorized Indorsements,” located on page 515 of your textbook. Prepare a professional-caliber brief on the case.

Based on the case information provided:

  • State the facts of the case and the key issues.
  • Cite the code or statute provisions applicable to the case.
  • Determine whether BAC can enforce the note, and explain your reasoning.
  • Express your main points, arguments, concepts, and information coherently and logically.

To support your brief:

  • Explain the difference between authorized and unauthorized indorsements.

Additional Requirements

  • Cover page: Include your name, the assignment number, and the assignment or case title.
  • Length: 1–2 double-spaced pages, not including the cover page.
  • Font and font size: Times New Roman, 12-point.
  • APA formatting: Format resources and citations according to current APA guidelines.
 
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