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Which of the following is generally true regarding a forged indorsement? Although a forged indorsement is not an effective indorsement, it does not prevent a

Which of the following is generally true regarding a forged indorsement?

Although a forged indorsement is not an effective indorsement, it does not prevent a person from becoming a holder.

A forged indorsement is an effective indorsement, and it prevents a person from becoming a holder.

A forged indorsement is not an effective indorsement, and it prevents a person from becoming a holder.

A forged indorsement is a type of restrictive indorsement.

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