Multiple Choice
Carl,without Eddie's knowledge,impersonates Eddie and thereby convinces Connie,who has never seen Eddie,to write a check to Eddie for upcoming yard work.Carl then forges Eddie's name and deposits the check into his,Carl's,account.Which of the following is true regarding whether Connie will be liable for the amount of the check?
A) Under the forgery rule, Connie will be held liable.
B) Under the transferor rule, Connie will be held liable.
C) Under the payee rule, Connie will be held liable.
D) Under the imposter rule, Connie will be held liable.
E) Under the fictitious payee rule, Connie will not be held liable.
Correct Answer:

Verified
Correct Answer:
Verified
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