Question $9(1$ point$)$

$6$

Klaus forges Lot's name as the maker of a note "payable to Klaus." Klaus indorses the note in blank, sells it to Mort,

$9^{**}$ and disappears. Without indorsement, Mort sells the note to Nora, who, also without indorsement, sells the note to Obie. On discovery of the forgery, most likely liable to Obie is

$12$

a$)$ none of the choices.

b$)$ Mort.

c$)$ Lot.

d$)$ Nora.