What Is the Similarity Between the Fictitious Payee Rule and the Imposter

question 26

Multiple Choice

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.

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