In Lor-Mar/Toto v.Constitution Bank,where the bank cashed bogus checks written on Lor-Mar's company account and the checks had signatures that looked like the stamped signatures Lor-Mar used,the courts held:
A) the bank was liable under the UCC for negligence for not comparing the signatures
B) the bank was liable under the UCC for negligence for allowing a stamped signature to be used without a personal countersignature
C) the bank was not liable because,under the UCC,if the signature looks like a valid stamped signature,the bank has not violated its duty of care
D) the bank was not liable because Lor-Mar carelessly allowed others to get copies of its check blanks
E) none of the other choices
Correct Answer:
Verified
Q88: A(n)_ is a form of check in
Q89: A(n)_ is a form of check in
Q90: In Lor-Mar/Toto v.Constitution Bank,where the bank cashed
Q91: A form of check in which the
Q93: A form of check in which the
Q245: Promissory notes are instruments that involve _
Q247: Cashier's checks are frequently used in transactions
Q250: A commercial instrument where one party has
Q255: The _ of a note is the
Q258: Under Article 3 of the UCC, a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents