A person who is ________ pays the negotiable instrument only if a person who is primarily liable defaults on that obligation:
A) the bank has converted the check by wrongfully paying it.
B) the person whose indorsement was forged has converted the check.
C) the person whose indorsement was forged is liable to the bank.
D) the forger is liable to the person whose indorsement was forged.
Correct Answer:
Verified
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