Uniform Commercial Code Unauthorized Indorsements For this assignment, you will consider the nature and types of indorsements, and the liability of a bank

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. 27–6. Unauthorized Indorsements. Angela Brock bor- rowed $544,000 and signed a note payable to
Amerifund Mortgage Services, LLC, to buy a house in Silver Spring, Maryland. The note was indorsed in
blank and transferred sev- eral times “without recourse” before Brock fell behind on the payments. On
behalf of Deutsche Bank National Trust Co., BAC Home Loans Servicing LP initiated foreclosure. Brock
filed an action in a Maryland state court to block it, argu- ing that BAC could not foreclose because
Deutsche Bank, not BAC, owned the note. Can BAC enforce the note? Explain

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