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Which of the following is a similarity between the fictitious payee rule and the imposter rule?

timmies

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Which of the following is a similarity between the fictitious payee rule and the imposter rule?

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

Textbook

Business Law

Business Law

Edition: 9^th

Author: Cheeseman

Read 27 times

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glendy

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