Susan purchases goods by telephone from Parker. Susan has never met Parker. Brenton goes to Susan and pretends to be Parker. Susan draws a check payable to the order of Parker and gives the check to Brenton, believing him to be Parker
Brenton forges Parker's indorsement and indorses the check to his brother, William, with the term "without recourse." William then cashes the check at a liquor store. Under the imposter rule, who is liable on the check?
A) Brenton
B) the liquor store
C) Susan
D) William
C
You might also like to view...
Recency theory suggests that in terms of media strategy it is better to maximize frequency rather than reach
Indicate whether the statement is true or false
Pandora Housewares is an MNE with production facilities in Taiwan, England, and India that manufacture bedding, towels, clothing, and luggage
Pandora has benefited from ________ because the firm's average costs have decreased as the number of different products it sells has increased. A) economies of scope B) intellectual property rights C) economies of scale D) experience curve exploitation