A loss from a well-crafted forgery usually falls on the party to whom the forger transferred the instrument.

Name: A loss from a well-crafted forgery usually falls on the party to whom the forger transferred the instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) places the loss from a forged instrument on the party to whom the forger transferred the instrument, unless that party can prove that it acted in good faith and without knowledge of the forgery.

A Loss from a Well-Crafted Forgery Usually Falls on the Party