A person whose name is forged on an instrument normally has no liability to pay any holder the value of the instrument.
Correct Answer:
Verified
Q31: Personnel Company draws a check payable to
Q32: Fiona writes a check "pay to the
Q33: All parties to a negotiable instrument will
Q34: Duke signs a note "payable to the
Q35: The completion of an originally incomplete instrument
Q37: Discharge in bankruptcy is no defense on
Q38: Under the fictitious payee rule, an innocent
Q39: Warranty liability arises only from a transferor's
Q40: An ordinary holder can recover nothing on
Q41: Fact Pattern 27-1
Chuck is the maker of
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