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  3. Study Set
    Contemporary Business
  4. Exam
    Exam 21: Holder in Due Course and Liability of Parties
  5. Question
    Where an Indorsement on an Instrument Has Been Forged or Is
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Where an Indorsement on an Instrument Has Been Forged or Is

Question 105

Question 105

True/False

Where an indorsement on an instrument has been forged or is unauthorized,the general rule is that the loss falls on the party who first takes the forged instrument after the forgery.

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