True/False
Under Article 3,the employer is allowed to recover from its bank,despite the applicability of the fictitious payee rule,if the bank failed to exercise ordinary care in paying the instrument.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q76: Buying a negotiable instrument at a discounted
Q77: Bearer paper runs to whomever is in
Q78: Alexander Schwing indorses his check with his
Q79: The type of indorsement used in first
Q80: A negotiation obtained by duress,mistake,or fraud is
Q82: Clint induces David,by fraud in the inducement,to
Q83: Ricardo is the holder of a check
Q84: What is the difference between time paper
Q85: The "value" requirement of a holder in
Q86: Which of the following is not a