A drawer is not liable on a check made out to an imposter.
Correct Answer:
Verified
Q4: Every person who signs a negotiable instrument
Q5: In general, an agent must clearly indicate
Q7: If an instrument is incomplete when the
Q8: An authorized agent may be personally liable
Q9: An unauthorized signature binds the person whose
Q11: A signature may be typed.
Q12: Dishonor occurs if payment of an instrument
Q13: Dishonor occurs when proper presentment of an
Q14: An authorized agent may be personally liable
Q15: An acceptor is secondarily liable to all
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