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Question
If a bank pays a check that bears a forged signature of the drawer, the transaction will be treated as one in which:
A. the bank paid out of the depositor's funds under Article 3 of the Uniform Commercial Code.
B. the bank paid out of its own funds under Article 3 of the Uniform Commercial Code.
C. the bank paid out of its own funds under Article 4 of the Uniform Commercial Code.
D. the bank paid out of the depositor's funds under Article 4 of the Uniform Commercial Code.
Answer
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