Multiple Choice
Which of the following is a similarity between the fictitious payee rule and the imposter rule?
A) Both hold the drawee liable on the instrument.
B) Both hold the drawer liable on the instrument.
C) Both put the risk of loss on the forger.
D) Both put the risk of loss on the indorsee.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: In the context of instruments that are
Q5: The holder of a negotiable instrument can
Q6: A signature in the lower-right corner of
Q7: Transfer warranties cannot be disclaimed with respect
Q8: Absolute liability to pay a negotiable instrument,
Q10: List the presentment warranties related to negotiable
Q11: Which of the following is a rule
Q12: A signature on a negotiable instrument can
Q13: Personal and universal defenses can be raised
Q14: A(n) _ is an action or event