The Rationale for the Fictitious Payee Rule Is That

Multiple Choice

The rationale for the fictitious payee rule is that:

A) the bank should bear the immediate loss of the forged instruments.
B) the holder in due course should bear the immediate loss of the forged instruments.
C) the employer of the wrongdoer should bear the immediate loss of forged instruments.
D) the wrongdoer should bear the immediate loss of the forged instruments.