Multiple Choice
According to Revised Article 3 of the UCC,the risk of loss from fraudulent indorsements by employees:
A) should fall on the holder in due course.
B) should fall on the employer.
C) should fall on the bank.
D) should fall on the employee.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q71: Presentment warranties are made by any prior
Q72: According to UCC section 3-401 which of
Q73: Mike signs a note payable to a
Q74: Bill submits a time card for a
Q75: Dick steals a computer belonging to Tom
Q77: The UCC provides for a transfer warranty
Q78: A representative is personally liable to a
Q79: If Jay signs Mila's name to a
Q80: Which of the following is both a
Q81: Usually,who may have the power to surrender