Multiple Choice
The situation in which an individual impersonates the holder of a savings account and, by presenting a forged withdrawal slip to the savings bank, receives from the bank a check payable to the bank's customer, is covered by the:
A) impostor rule.
B) negotiation rule.
C) assignment rule.
D) bank rule.
Correct Answer:

Verified
Correct Answer:
Verified
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Q17: If an instrument is payable to bearer,
Q18: A special indorsement consists of the signature
Q19: Sue is an employee at an ABC
Q20: An indorsement "for deposit only" is:<br>A) restrictive.<br>B)
Q22: Order paper is negotiated by the indorsement
Q23: An ordinary holder of an instrument has
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Q25: Bearer paper may only be negotiated by
Q26: In the case of a check, when