The Impostor Rule Regarding Negotiable Instruments

question 8

Multiple Choice

The impostor rule regarding negotiable instruments:

• A) is devised not to put the responsibility for determining the true identity of the payee on the drawee of a check.
• B) makes the payee's signature valid even though it is a forgery.
• C) does not force the maker to find the wrongdoer.
• D) lays the responsibility of determining the identity of payee on later holders of an instrument.

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