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Question
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.
Answer
This answer is hidden. It contains 136 characters.
Related questions
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C. $20,000 fine and five years' imprisonment.
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