Generally, When an Indorsement Is Unauthorized, the Burden of Loss

question 58

True/False

Generally, when an indorsement is unauthorized, the burden of loss falls on the first party to take the instrument.

---

Definitions:

Overcontrolled

Referring to a behavioral characteristic where an individual might excessively regulate or suppress their emotions and impulses.

Borderline

Often refers to borderline personality disorder (BPD), a mental health condition characterized by pervasive instability in moods, behavior, self-image, and functioning.

Narcissism

A personality trait characterized by an inflated sense of self-importance, need for admiration, and lack of empathy for others.

Grandiose

Characterized by exaggerated beliefs of one's importance, superiority, or talents.