Issam and James planned to spend spring break in Mexico.James was to make the final plans.To pay for the trip,Issam gave James a signed check that left the name of the payor and amount blank.Using Issam's check,James made the check out to himself for $500.Issam's bank paid the check not knowing that the completion was improper.The bank:
A) is liable because the instrument was forged.
B) is liable because the instrument was unauthorized.
C) is liable for half of the loss.
D) is not liable.
Correct Answer:
Verified
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