A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.

Name: A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.
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Question

Quizplus · Accepted Answer

A bank can recover from a holder who cashes a check with a forged indorsement because the indorsement is not valid, and the bank can seek restitution for the unauthorized payment.

A Bank Cannot Recover from a Holder Who Cashes a Check