Where the Impostor Has Impersonated a Person Authorized to Act

question 84

Multiple Choice

Where the impostor has impersonated a person authorized to act for a payee:

• A)the responsibility for determining the true identity of the payee is on the bank.
• B)the impostor has the power to negotiate a check drawn payable to the payee.
• C)the later holder does not have good title to the check as the payee's signature is not valid.
• D)the loss is shared by the maker and the bank that negotiated the forged instrument.

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