The Rationale for the Impostor Rule Is That the Responsibility

question 9

Multiple Choice

The rationale for the impostor rule is that the responsibility for determining the true identity of the payee:

• A)is shared by the bank and the maker of the negotiable instrument.
• B)is on the drawer or maker of the negotiable instrument.
• C)is on the bank that negotiates the instrument.
• D)is on the payee whose name is mentioned in the negotiable instrument.

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Definitions:

Spatially

Relating to, occupying, or having the character of space, often used to describe how objects fit together in space or are organized.

Signposts

cues or markers within a speech or writing that guide the audience through the structure and important points.

Classification

A method of arranging entities in an organized system based on common characteristics or themes.

Partition

The act of dividing something into parts or sections.