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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Definitions:

Nonpolar

A type of chemical bond or molecule that does not have a separation of electrical charge, leading to an even distribution of electron density.

Cl-Cl Bond

A covalent bond between two chlorine atoms, as found in the diatomic chlorine molecule (Cl2).

Polar Covalent

A type of chemical bond where electrons are unequally shared between atoms, leading to a distribution of charge.

N-Br Bond

A chemical bond between nitrogen and bromine atoms.