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If an Employee with Responsibility for Issuing Instruments Forges a Check

Question 17

Multiple Choice

If an employee with responsibility for issuing instruments forges a check or other instrument,then any indorsement in the name of the payee,or a similar name,is valid as long as the person who pays the instrument doesn't know of the fraud.


A) the Imposter Rule
B) the Conversion Rule
C) the Employee Indorsement Rule
D) the Fictitious Payee Rule

Correct Answer:

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