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Author Question: In the case of a check, when the impostor rule applies: A) the drawer of the check can successfully ... (Read 134 times)

nautica902

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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


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sultansheikh

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


nautica902

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

xoxo123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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