True/False
If a person paying an instrument subject to the impostor rule fails to exercise ordinary care, the issuer may recover from the payor to the extent the payor's negligence contributed to the loss.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q62: David makes and delivers a promissory note
Q63: The shelter rule did not exist at
Q64: An indorsement in trust creates a trust
Q65: Marty Sandidge wrote a check payable to
Q66: Time paper that states it is due
Q67: Jennifer, who stole a check "payable to
Q69: Jill issues a negotiable promissory note to
Q71: Cyrus takes a $700 check to Wheeling
Q72: Real defenses include all but:<br>A) forgery of
Q83: Ricardo is the holder of a check