In the Shearson Lehman Brothers, Inc.v.Wasatch Bank case, the applicable defense was:
A) a forged indorsement was ineffective to pass title.
B) the instrument was assigned rather than negotiated.
C) the fictitious payee defense.
D) the impostor rule.
Correct Answer:
Verified
Q10: An indorsement "Pay Alice Adams" is an
Q26: A negotiation may be valid to transfer
Q41: An anomalous indorsement is:
A)one that specifically identifies
Q43: An indorsement which prohibits further transfer is
Q46: Matt writes on the back of a
Q47: A restrictive indorsement:
A) disclaims contract liability.
B) removes
Q48: One who is in possession of a
Q53: Which of the following is required regarding
Q55: Delivery alone is insufficient to negotiate an
Q60: Federal Reserve Board guidelines for checks:
A)require indorsements
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