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Business, 11.04.2020 03:05 kcarstensen59070
Carl, without Eddie's knowledge, impersonates Eddie and thereby convinces Connie, who has never seen Eddie, to write a check to Eddie. Carl forges Eddie's name on the check and deposits it into his, Carl's, account. Which of the following is true regarding whether Connie will be liable for the amount of the check?
1) Under the forgery rule, Connie will be held liable.
2) Under the transferor rule, Connie will be held liable.
3) Under the payee rule, Connie will be held liable.
4) Under the imposter rule, Connie will be held liable.
5) Under the fictitious payee rule, Connie will not be held liable.
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Answers: 3
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