Drew Signs a Check "Pay to the Order of Eppie

question 29

Multiple Choice

Drew signs a check "pay to the order of Eppie" drawn on Drew's account in Fidelity Bank.Greta forges Eppie's indorsement.Fidelity pays the check.Most likely

• A)Drew will be liable for the amount.
• B)Eppie will have to pay Drew for the amount.
• C)Fidelity will have to recredit Drew's account.
• D)the Federal Reserve will reimburse all parties for their costs.

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