Which of the Following Would Be Considered an Exception to the Rule

question 18

Multiple Choice

Which of the following would be considered an exception to the rule that the loss from a forged instrument falls on the party who first takes the forged instrument after the forgery?

• A) where a drawer or maker bears the loss
• B) where an indorsement is forged
• C) where there has been no forgery
• D) A and B
• E) A,B,and C

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Definitions:

Geographic Location

Refers to a specific physical place or position determined by its latitude, longitude, and other geographical features.

Rites

Standardized and recurring activities used at special times to influence the behaviors and understanding of organizational members.

Rituals

Are systems of rites.

Standardized Activities

Tasks or procedures that are uniform and consistent across different times or places, ensuring predictability and efficiency.