Which Rule States That If Someone Issues an Instrument to a Person

question 13

Multiple Choice

Which rule states that if someone issues an instrument to a person who does not exist,then any indorsement in thename of the payee is valid as long as the person who pays the instrument doesnot know of the fraud?

• A)The Imposter Rule
• B)The Indorsement Rule
• C)The Conversion Rule
• D)The Fictitious Payee Rule

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Definitions:

Economics-Of-Information

The analysis of how information and information systems affect an economy and economic decision-making.

Search Time

This term refers to the duration spent looking for specific information or data, varying greatly depending on the complexity of the search query and the medium being used.

Virtual Brand Community

An online network of individuals who share an interest or loyalty in a particular brand, fostering interaction and engagement through digital platforms.

C2C

Consumer-to-Consumer, a business model where consumers trade with each other, often through online platforms.