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In the Case of a Check, When the Impostor Rule

Question 12

Multiple Choice

In the case of a check, when the impostor rule applies:


A) the drawer of the check can successfully raise the defense of the forged endorsement.
B) the forged endorsement is effective to negotiate the instrument.
C) the forged endorsement is ineffective to negotiate the instrument.
D) the instrument becomes nonnegotiable.

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