Which Rule States That If Someone Issues an Instrument to a Person

Multiple Choice

Which rule states that if someone issues an instrument to a person who does not exist,then any indorsement in thename of the payee is valid as long as the person who pays the instrument doesnot know of the fraud?

A) The Imposter Rule
B) The Indorsement Rule
C) The Conversion Rule
D) The Fictitious Payee Rule