If a Person Paying an Instrument Subject to the Impostor

question 61

True/False

If a person paying an instrument subject to the impostor rule fails to exercise ordinary care, the issuer may recover from the payor to the extent the payor's negligence contributed to the loss.

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Definitions:

Organizational Culture

The collective way in which an organization's members interact and work, deeply influenced by shared values and traditions.

Autocratic

A leadership or governance style characterized by individual control over all decisions and little input from group members.

Productive

Capable of producing a significant amount or result; efficient and effective in achieving desired outcomes.

Worker Oriented

Focused on or designed around the needs, satisfaction, and well-being of employees.