Now suppose that you go to your bank and write a check on youraccount payable to

Now suppose that you go to your bank and write a check on youraccount payable to cash for $500. The teller gives you the cashwithout asking you to indorse the check. After you leave theteller slips the check into his pocket. Later the teller deliversit (without an endorsement) to his friend Carol in payment for agambling debt. Carol takes your check to her bank indorses it anddeposits the money.