The imposter rule provides that the transferee of an instrument acquires the same rights as the transferor had.
Correct Answer:
Verified
Q5: A consumer transaction is defined as a
Q6: Raul makes a check payable to "Cash,"
Q7: Dishonor means that instrument is not paid
Q8: If blanks are filled or an incomplete
Q9: Real defenses are good against a holder
Q12: An instrument is payable to an identified
Q13: Notice is limited to the receipt of
Q14: If the holder knows that the paper
Q15: Article 3 adopts a definition of "good
Q43: Prior payment is a real defense.
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