If a Maker or Drawer Believes an Imposter to Be

question 58

True/False

If a maker or drawer believes an imposter to be the named payee on an instrument, the imposter's indorsement is not treated as unauthorized.

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Definitions:

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Affirmative Action Plan

A strategy aimed at increasing opportunities for underrepresented groups within a company or institution, typically to counter the effects of past discrimination.

Constitutional

Relating to the constitution of a country or state, establishing the framework and principle laws of political governance.

Past Discrimination

Past Discrimination refers to unfair treatment or biases that individuals or groups faced historically, based on characteristics such as race, gender, or religion.