The ________ States That a Drawer or Maker Is Liable

question 24

Multiple Choice

The ________ states that a drawer or maker is liable on a forged or unauthorized indorsement if the person signing as or on behalf of a drawer or maker intends the named payee to have no interest in the instrument or when the person identified as the payee is a fabricated person.

• A) imposter rule
• B) fictitious payee rule
• C) fraud in the inception rule
• D) fraud in the inducement rule

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Definitions:

Eidetic Images

Images retained in the mind that are unusually vivid and detailed, almost like a photograph.

Flashbulb Memories

Vivid, detailed memories of significant or shocking events that feel as though they were imprinted onto the brain.

Elaborative Rehearsals

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to simply repeating the word to yourself.

Eyewitness Images

Visual memories or representations of events or people witnessed firsthand, often used in legal settings.