The Rationale for the Impostor Rule Is That the Responsibility

Multiple Choice

The rationale for the impostor rule is that the responsibility for determining the true identity of the payee:

A) is shared by the bank and the maker of the negotiable instrument.
B) is on the drawer or maker of the negotiable instrument.
C) is on the bank that negotiates the instrument.
D) is on the payee whose name is mentioned in the negotiable instrument.