Multiple Choice
Maria is the treasurer of Rex Caldwell Corporations.As treasurer,she makes out and signs the payroll checks for the company.Maria draws a payroll check payable to the order of her maid Carolyn Doss,who does not work for the company.Maria does not intend Carolyn to receive this money.She indorses Carolyn's name on the check and names herself as the indorsee.She cashes the check at a liquor store.Under which rule of forged instruments is Maria accountable?
A) good faith rule
B) exclusionary rule
C) imposter rule
D) fictitious payee rule
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Harold borrows $20,000 from Alex and signs
Q3: Those who are secondarily liable on negotiable
Q18: Transfer warranties would be applicable to which
Q25: A person cannot be held contractually liable
Q29: Rhodes, a college student, wants to purchase
Q40: Discharge of an instrument by payment or
Q44: A minor who does not misrepresent his
Q63: An accommodation party is secondarily liable if
Q71: What are the requirements for imposing secondary
Q78: Stanley, who owes Milton money, indorses a