According to Revised Article 3 If a Bank Pays a Check

question 42

Multiple Choice

According to Revised Article 3 if a bank pays a check that contains a forged indorsement:

• A)the bank has converted the check by wrongfully paying it.
• B)the person whose indorsement was forged has converted the check.
• C)the person whose indorsement was forged is liable to the bank.
• D)the forger is liable to the person whose indorsement was forged.

---

Definitions:

Standardized Products

Goods or services that are uniform in quality and specifications across producers, allowing them to be interchangeable.

Sequential Games

A type of game in game theory where players make decisions one after another, allowing for consideration of previous moves.

First-Mover Advantages

Benefits gained by a company that is the first to enter a new market, establish brand recognition, and secure customer loyalty before competitors.

Nash Equilibrium

is a concept in game theory where each player's strategy is optimal, given the strategies of other players.