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.
B
You might also like to view...
How have large retailers such as Walmart changed the dynamics of partnering with resellers?
What will be an ideal response?
Select the type of business that is most likely to obtain large amounts of resources by issuing stock
A) Partnership B) Corporation C) Sole proprietorship D) None are correct.
An unconscionable contract can be enforced if the unconscionable clause is removed
Indicate whether the statement is true or false
A professor would like to assign grades such that 7% of students receive Fs. If the exam average is 62 with a standard deviation of 13, what grade should be the cutoff for an F? (Round your answer.)
A) 43 B) 49 C) 50 D) 55