Marvin Forges Ed Moore's Signature on a Check for $500

Multiple Choice

Marvin forges Ed Moore's signature on a check for $500.00 and cashed it at Legacy Bank. Marvin then skips town never to be found again. Which statement below is correct?

A) Only Marvin is liable for the value of the forged instrument.
B) Only Ed Moore is liable for the value of the forged instrument.
C) Legacy Bank will be liable for the value of the forged instrument.
D) No one will be liable once the check is cashed.