True/False
If a drawee bank pays an instrument containing a forged indorsement,the bank is liable for conversion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: An accommodation maker is not liable on
Q48: Before an indorser can be held responsible
Q49: How can drawers and indorsers disclaim liability
Q50: If a holder presents a note for
Q51: If an agent is authorized to execute
Q53: To certify a check,the bank must:<br>A) tell
Q54: When a severe weather warning has been
Q55: An accommodation party will always be secondarily
Q56: When a draft is accepted by a
Q57: Franz signs a $1,000 note payable to