Solved

The Rationale for the Imposter Rule Is to Put the Responsibility

Question 30

True/False

The rationale for the imposter rule is to put the responsibility for determining the true identity of the payee on the drawer or maker of a negotiable instrument.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: When a person signs a negotiable instrument,

Q26: List the six transfer warranties made by

Q27: Ivan is a representative of Sigma Inc.,

Q28: A person who transfers a negotiable instrument

Q29: The terms of the contract of the

Q31: Chang gives a promissory note to Rahim.

Q32: Conversion of an instrument:<br>A) is an authorized

Q33: If a person has been so negligent

Q34: "Responsibility" with respect to instruments means the

Q35: A holder in due course may discharge