A Bank Cannot Recover from a Holder Who Cashes a Check

question 48

True/False

A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.

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Definitions:

Exiled

The state of being barred from one's native country, typically for political or punitive reasons.

Potion

A liquid with magical properties, often used in fantasy literature and games to heal, harm, or cast spells.

Tattooing

The art or process of marking the skin with designs, letters, or pictures by inserting pigment under the skin.

Aristocracy

A class of people holding exceptional rank and privileges, especially the hereditary nobility.