A loss that results from a well-crafted forgery usually falls on the party whose signature was forged.
Correct Answer:
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Q1: A bearer instrument is negotiated by delivery
Q3: A holder takes an instrument for value
Q4: An HDC takes a negotiable instrument free
Q5: A transfer of a negotiable instrument can
Q6: A holder takes an instrument for value
Q7: An unqualified indorsement does not guarantee payment
Q8: A blank indorsement does not specify a
Q9: A purchaser cannot become an HDC of
Q10: If an instrument is acquired as part
Q11: A negotiable instrument cannot be transferred by
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