The ________ States That a Drawer or Maker Is Liable

Multiple Choice

The ________ states that a drawer or maker is liable on a forged or unauthorized indorsement if the person signing as or on behalf of a drawer or maker intends the named payee to have no interest in the instrument or when the person identified as the payee is a fabricated person.

A) imposter rule
B) fictitious payee rule
C) fraud in the inception rule
D) fraud in the inducement rule