Generally, When an Endorsement on a Check Has Been Forged

question 12

Multiple Choice

Generally, when an endorsement on a check has been forged, which party is the party ultimately liable for the loss?

• A) The drawer.
• B) The first party to accept the forged instrument.
• C) The first endorser of the instrument.
• D) The bank of the first party to accept the forged instrument.
• E) The bank of the drawer even if proper notice was given of the forgery.

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Definitions:

Anti-Depressant Medication

Anti-Depressant Medication includes drugs prescribed to treat depressive disorders, working by altering chemicals in the brain to improve mood and cognitive function.

Placebo

A substance that looks and feels like the substance being tested in an experiment, but does not contain the active ingredient.

Moderate Depression

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, but to a lesser degree than severe depression.