An imposter's indorsement on an instrument is never effective against its drawer or maker.
Correct Answer:
Verified
Q7: A maker is secondarily liable on an
Q14: To properly present a draft for payment,the
Q33: All parties to a negotiable instrument will
Q34: Dishonor occurs if payment of an instrument
Q34: An instrument is dishonored when the party
Q35: Erin draws a check payable to "Foodland"
Q40: Erin draws a check payable to "Foodland"
Q41: Thalia signs an instrument unconditionally promising to
Q42: Thalia signs an instrument unconditionally promising to
Q51: Emily writes and signs a check payable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents