Examlex

Solved

According to the Authors, with Its Recent Rapid Growth

question 39

Multiple Choice

According to the authors, with its recent rapid growth,


Definitions:

Impostor Rule

A legal principle that holds an endorser liable when they endorse a negotiable instrument under an assumed name understood by the payee.

Negotiable Instrument

A textual commitment that secures the payment of an exact sum of money, whether immediately upon demand or at a future specified date, with the payer's identity indicated.

True Identity

Refers to the authentic, genuine identity of an individual, including their official names, personal characteristics, and any associated legal recognitions.

Forges Indorsement

The act of illegally creating a fraudulent signature or endorsement on a document, especially checks, in order to deceive or commit theft.

Related Questions