Jason has knowledge of the fact that the check given to him bears Julie's forged signature.Despite the said fact,he presents the check to ABC Bank.ABC Bank pays Jason,under a mistaken belief that the signature on the check is authentic.Bank cannot recover that payment from Jason.

Question

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A drawee who makes payment may recover as damages for any breach of a presentment warranty an amount equal to the amount paid by the drawee less the amount the drawee received or is entitled to receive from the drawer because of the payment.

Jason Has Knowledge of the Fact That the Check Given