When an Indorsement on an Instrument Has Been Forged or Is

question 91

Multiple Choice

When an indorsement on an instrument has been forged or is unauthorized,the loss falls on the party who first takes the forged instrument after the forgery.Which of the following is an exception to this rule?

• A) the FTC HDC rule
• B) the exclusionary rule
• C) the imposter rule
• D) the good faith rule

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Definitions:

Obedience

The act of following orders or directions from others, typically from a figure of authority.

Stanley Milgram

An American social psychologist best known for his research on obedience to authority.

Experimenter's Orders

Instructions given by researchers to participants in an experiment, which can influence the behavior or responses of those participants.

Obedience

The act of following orders or commands from those in authority, often studied within social psychology to understand how individuals respond to authority figures.