Author Question: In the case of a check, when the impostor rule applies: A) the drawer of the check can successfully ... (Read 112 times)

nautica902 · **on:** Jun 24, 2018

In the case of a check, when the impostor rule applies:
A) the drawer of the check can successfully raise the defense of the forged indorsement.
B)the forged indorsement is effective to negotiate the instrument.
C)the forged indorsement is ineffective to negotiate the instrument.
D)the instrument becomes nonnegotiable.

Question 2

If a conflict exists between the escrow instructions and the sales contract:
A)The escrow is invalid.
B)The sales contract will control.
C)The escrow instructions will control.
D)None of the above