The "impostor rule" is an exception to the general rule that negotiation of an order instrument requires a valid indorsement by the person to whose order the instrument is payable.
Correct Answer:
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Q2: Every indorsement is either blank or special.
Q3: Under Article 3,the employer is allowed to
Q4: The fictitious payee rule is based on
Q5: Both negotiable instruments and nonnegotiable undertakings are
Q6: An indorsement may be written on a
Q7: Revised Article 3 provides that the impostor
Q8: A blank indorsement converts order paper to
Q9: A negotiation is void if the transaction
Q10: Negotiability is destroyed by a qualified indorsement.
Q11: The principal advantage of negotiable instruments is
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