In Order to Ensure Negotiability, the Uniform Commercial Code Assumes

In order to ensure negotiability, the Uniform Commercial Code assumes that the endorser is the true owner of the paper. If he or she found or stole the paper and transferred it to another by endorsement, the:

A) law provides a jail term to the endorser, but not compensation to endorsee.
B) endorser is liable for any loss suffered by the endorsee.
C) endorser is liable up to $500 for the loss suffered by the endorsee.
D) endorsee cannot seek any remedy from the endorser.