Examlex
Which of the following is an environmental factor that affects channel objectives and design?
Fictitious-Payee Rule
A legal principle that protects banks from liability when funds are withdrawn by a person not entitled to them, if the drawer's negligence contributed to the forgery.
Imposter Rule
A legal principle that addresses the liability for fraud when an impostor defrauds a third party.
Forged
Refers to the illegal modification or creation of a document, artwork, or object with the intent to deceive or defraud by passing it off as genuine.
Liability
The state of being legally responsible for something, especially in terms of debts or damages.
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