Question: Where the person asserting the preclusion failed to exercise ordinary care in taking or paying the instrument and that failure substantially contributed to the loss,

Where the person asserting the preclusion failed to exercise ordinary care in taking or paying the instrument and that failure substantially contributed to the loss, Article

3_______

Multiple Choice

allocates the loss between the two parties based on their comparative negligence.

charges the loss to the person who had forged or altered the instrument and orders him to make good the loss to the maker of the instrument.

charges the loss to the person who failed to exercise ordinary care in taking the instrument irrespective of the level of negligence of either party.

charges the loss to the maker of the instrument irrespective of the level of negligence of either party.

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