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.

---

Definitions:

Shared Identity

The collective sense of belonging to a group where members share similar attributes, beliefs, or values.

Us Versus Them

A psychological and social phenomenon that divides populations into opposing groups, often leading to conflict and discrimination.

Argument From Analogy

A method of reasoning that suggests if two things are similar in some ways, they are likely similar in other ways as well.

Mill

A facility for processing raw materials; historically refers to factories for grinding grain into flour.