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    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 34

Question 34

True/False

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

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