The ________ States That a Drawer or Maker Is Liable

question 24

Multiple Choice

The ________ states that a drawer or maker is liable on a forged or unauthorized indorsement if the person signing as or on behalf of a drawer or maker intends the named payee to have no interest in the instrument or when the person identified as the payee is a fabricated person.

• A) imposter rule
• B) fictitious payee rule
• C) fraud in the inception rule
• D) fraud in the inducement rule

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Definitions:

Fresh Popcorn

Newly made popcorn, characterized by its warm temperature and crisp texture, often associated with movie theaters and snacking.

Quit A Habit

The process of stopping or breaking a regular tendency or practice, especially one that is considered detrimental to one’s health or well-being.

Daily Routine

A fixed schedule of activities that a person follows every day, which often helps in organizing time and tasks efficiently.

Smoking

The practice of inhaling and exhaling the smoke of burning tobacco, which can lead to addiction and various health issues.