Ask Question
BusinessBusiness
20 July, 18:41

Sid Slick represents himself as Richard Rich to Ortie Ozarka. Ortie, believing that Sid was really Richard, gave Sid a check payable to Richard's order. Sid endorses the instrument "pay to Art Arbuckle" and gave it to Art. Art gives it to Harry. Is Harry a proper holder of the instrument?

+1
Answers (1)
  1. 20 July, 19:08
    0
    Harry is a proper holder of the instrument

    Explanation:

    Impostor rule is the legal principle which states that an imposter endorsement of a negotiable instrument is not a forgery. The loss falls on the drawer of cheque and not on the third party or the bank that clears it. Art and Harry acted in good faith for the consideration. Hence, Harry is a proper holder of the instrument as any person in its possession is its holder.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sid Slick represents himself as Richard Rich to Ortie Ozarka. Ortie, believing that Sid was really Richard, gave Sid a check payable to ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When a factory foreman beats elie who was he comforted by?
Answers (1)
Steve's Cider Shack, Inc. just paid a dividend of $8 per share of common stock. The dollar amount of the dividends is expected to grow at a constant 2% per year definitively into the future.
Answers (1)
Aggregate expenditure, or the total amount of spending in the economy, equals A. consumption spending plus planned investment spending plus government purchases plus net exports. B. total spending by households plus total spending by businesses. C.
Answers (1)
Use this end-of-period spreadsheet to answer the questions that follow. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit
Answers (1)
Which of the following is not true about credit cards
Answers (1)
New Questions in Business
A (n) is the issuer's written promise to pay an amount equaling the par value. The par value is paid at a specified future date. Most often, the issuer is required to make semiannual interest payments.
Answers (1)
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
Jake Skinner purchases a big screen TV on credit and will repay the loan with one payment at the end of 90 days. What type of credit did Jake use?
Answers (1)
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
Answers (1)
Home » Business » Sid Slick represents himself as Richard Rich to Ortie Ozarka. Ortie, believing that Sid was really Richard, gave Sid a check payable to Richard's order. Sid endorses the instrument "pay to Art Arbuckle" and gave it to Art. Art gives it to Harry.
Sign Up Forgot Password?