Multiple Choice
In which of the following situations has conversion NOT occurred?
A) When an instrument is paid on a forged indorsement.
B) When any person to whom an instrument is delivered for payment refuses on demand to pay or to return it.
C) When a drawee to whom a draft is delivered for acceptance properly returns it upon request.
D) When a bank pays an instrument containing only one of two required indorsements.
Correct Answer:
Verified
Correct Answer:
Verified
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