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If a Bank Pays a Check That Bears a Forged

Question 1

Multiple Choice

If a bank pays a check that bears a forged signature of the drawer, the transaction will be treated as one in which the bank paid out of:


A) the depositor's funds under Article 3 of the UCC.
B) its own funds under Article 3 of the UCC.
C) its own funds under Article 4 of the UCC.
D) the depositor's funds under Article 4 of the UCC.

Correct Answer:

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