Banks are liable for forged checks except in the case of the three rules (Imposter Rule, Fictitious

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Banks are liable for forged checks except in the case of the three rules (Imposter Rule, Fictitious Payee Rule, and the Employee Indorsement Rule). Do you think this is the proper allocation of liability? Why should banks be liable for forged checks, in this era of automated check machines? Alternatively, could you argue that the three rules provide too much protection to banks?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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