Write check to austin for upcoming yard work

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Reference no: EM133389019

Carl, without Austin's knowledge, pretends he is Austin and thereby convinces Lucia, who has never seen Austin, to write a check to Austin for upcoming yard work. Carl then forges Austin's name and deposits the check into his, Carl's, account. Which of the following is true regarding Lucia's liability for the amount of the check?

Under the payee rule, Lucia will be held liable.

Under the ficitious payee rule, Lucia will not be held liable.

Under the imposter rule, Lucia will be held liable.

Under the forgery rule, Lucia will not be held liable.

 

Reference no: EM133389019

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