A Forged Signature Is Effective as the Signature of a Drawer

question 29

True/False

A forged signature is effective as the signature of a drawer to the extent that is resembles the drawer's actual signature.

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Halliburton Energy Services

A global service provider for the energy industry, offering products and services for oilfield, drilling, and evaluation.

Fleet National Bank

A former financial institution in the United States that was merged into Bank of America in 2004.

Forgery

The illegal act of creating, altering, or imitating objects, documents, or signatures with the intent to deceive or defraud.