Generally,when an Endorsement on a Check Has Been Forged,which Party

question 35

Multiple Choice

Generally,when an endorsement on a check has been forged,which party is the party ultimately liable for the loss?

• A)The bank of the first party to accept the forged instrument.
• B)The first party to accept the forged instrument.
• C)The bank of the drawer even if proper notice was given of the forgery.
• D)The first endorser of the instrument.
• E)The drawer.

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