When a person forges an instrument, the person whose name is forged is not liable to an ordinary holder but must pay any HDC the value of the instrument.
Correct Answer:
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Q21: The lack or failure of consideration is
Q26: A consumer who signs a note to
Q27: The destruction or mutilation of an instrument
Q28: It is not a material alteration to
Q29: A third party who buys a note
Q31: Presentment warranties protect the party to whom
Q32: A holder can impair the value of
Q33: On a note that forms part of
Q34: Bass signs a note "payable to the
Q35: Discharge from liability on an instrument cannot
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