Multiple Choice
Daisy signs a check "pay to the order of Ewan" drawn on Daisy's account in Finance Bank. Graham forges Ewan's indorsement. Finance Bank pays the check. Most likely
A) Ewan will have to pay Daisy for the amount.
B) the Federal Reserve will reimburse all parties for their costs.
C) Finance Bank will have to recredit Daisy's account.
D) Daisy will be liable for the amount.
Correct Answer:
Verified
Correct Answer:
Verified
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