Sally landed a job in the accounting department of Thyme LifeBiscuit Company. On her fourth day on the job, Joe, her boss had toleave work unexpectedly. Joe usually prepared the bank deposit atthe end of each business day, but on this day, Sally needed toprepare the bank deposit. There were 54 checks to be deposited.Sally used the stamp provided by her employer and indorsed 52checks with the stamp “Thyme Life Biscuit Company.” Some of thechecks stuck together and two of those checks were not indorsed.The bank received the deposit and noticed the lack of indorsementon the two checks.
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