You will consider whether multiple payees are alternative or joint payees. You will also consider the rights and limitations of each type of payee. 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.
Identify the indorsements required to cash a check, under the provisions of the UCC.Determine whether a check is payable jointly or in the alternative, under the provisions of the UCC.Determine who should prevail in an action to collect on a check, 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 26-6, “Indorsements,” located on page 495 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.Explain whether the check was payable jointly or in the alternative.Determine who should prevail in this case, and explain your reasoning.Express your main points, arguments, concepts, and information coherently and logically. To support your brief: Identify the indorsements required to cash the check, under the provisions of the UCC. 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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