In National Australia Bank v Hokit,the court ruled that:
A) Financial institutions are likely to be liable if they fail to detect a forged signature even it has little or no chance of detecting the forgery.
B) Cheque account holders are not liable when their signatures are forged unless they fail to advise the institution as soon as they learn about the forgeries.
C) Cheque account holders are not liable when their signatures are forged unless they drew the cheque in way that left the cheque vulnerable to fraudulent activity.
D) All of the above.
E) A and B only applied.
Correct Answer:
Verified
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