A bank that cashes a check with a forged indorsement on it cannot be liable for conversion.
Correct Answer:
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Q1: No person is contractually liable on a
Q2: A person who is secondarily liable is
Q3: Liability on negotiable instruments flows from:
A)proper payment
Q5: A signature not "authorized" when it is
Q6: The terms of the contract of the
Q9: A nonindorsing transferor makes all five transfer
Q10: Notice of dishonor must be made only
Q11: If a person has been negligent in
Q17: If a holder has indorsed a negotiable
Q17: If a drawee bank mistakenly paid a
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