The imposter rule regarding negotiable instruments:
A) was devised to put the responsibility for determining the true identity of the payee on the drawee of a check.
B) makes the payee's signature valid even though it is a forgery.
C) does not force the maker to find the wrongdoer.
D) lays the responsibility of determining the identity of payee on latter holders of an instrument.
Correct Answer:
Verified
Q40: The acceptor's obligation:
A)extends to a person entitled
Q41: What are the most common ways that
Q42: Conversion of an instrument:
A)is an authorized assumption
Q43: Explain the five transferor's warranties.
Q44: With respect to instruments,"responsibility" means the authority:
A)to
Q45: Tim stole from Wes a check payable
Q46: A holder in due course may discharge
Q48: Define the situations that lead to dishonoring
Q49: Ivan is a representative for Mega Industries.Checks
Q50: Who is entitled to enforce an instrument?
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