The Rationale for the Impostor Rule Is That the Responsibility

question 9

Multiple Choice

The rationale for the impostor rule is that the responsibility for determining the true identity of the payee:

• A)is shared by the bank and the maker of the negotiable instrument.
• B)is on the drawer or maker of the negotiable instrument.
• C)is on the bank that negotiates the instrument.
• D)is on the payee whose name is mentioned in the negotiable instrument.

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Definitions:

Media Richness

A theory that describes the capacity of a communication medium to accurately reproduce the information sent over it.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in print, broadcast, or online media.

Email Systems

Electronic systems designed for sending, receiving, storing, and managing emails across networks.

Security Threats

Potential actions or events that can cause damage or unauthorized access to data or systems.