In the Case of a Check, When the Impostor Rule

question 26

Multiple Choice

In the case of a check, when the impostor rule applies:

• A) the drawer of the check can successfully raise the defense of the forged indorsement.
• B) the forged indorsement is effective to negotiate the instrument.
• C) the forged indorsement is ineffective to negotiate the instrument.
• D) the instrument becomes nonnegotiable.

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Definitions:

Staff Authority

A type of authority that allows individuals or departments to advise others within the organization but does not grant them the power to make final decisions.

Staffing Issues

Challenges related to the recruitment, retention, management, and scheduling of employees in an organization.

Organization's Entire Staff

Refers to all employees, from every department and level, working within an organization, encompassing both management and non-managerial roles.

Internal Factors

Refers to influences within an organization that affect its operations and performance, such as company culture, employee skills, and management styles.