In the case of a check, when the impostor rule applies:
A) the drawer of the check can successfully raise the defense of the forged indorsement
B)the forged indorsement is effective to negotiate the instrument.?
C)the forged indorsement is ineffective to negotiate the instrument.?
D)the instrument becomes nonnegotiable.
B
You might also like to view...
Door-to-door selling is growing in popularity in many countries at later stages of market development
Indicate whether the statement is true or false
The basic purpose of a trial balance is to
A) list all of the accounts in the general ledger. B) list all of the accounts in the general ledger that have a balance. C) be sure that all journal entries have been recorded. D) verify that the total credits equal the total debits.
Choosing the right topic means choosing a topic that is appropriate for all of the following EXCEPT
a. you. b. your detractors. c. your audience. d. the occasion.
What part do management accountants play in Statement of Ethical Professional Practice?
What will be an ideal response?