What is the similarity between the fictitious payee rule and the imposter rule?

Desolo

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10 years ago

What is the similarity between the fictitious payee rule and the imposter rule?
A) Both hold the drawee liable to the instrument.
B) Both hold the drawer liable to the instrument.
C) Both put the risk of loss on the forger.
D) Both put the risk of loss on the indorsee.

This is for my business law class, anything will help

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Desolo Author

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9 years ago

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