Generally,when an Endorsement on a Check Has Been Forged,which Party

Multiple Choice

Generally,when an endorsement on a check has been forged,which party is the party ultimately liable for the loss?

A) The bank of the first party to accept the forged instrument.
B) The first party to accept the forged instrument.
C) The bank of the drawer even if proper notice was given of the forgery.
D) The first endorser of the instrument.
E) The drawer.