A customer who fails to examine a bank statement and report a forged signa?ture may be liable for later forgeries by the same wrongdoer.

Question

Quizplus · Accepted Answer

It is important for customers to carefully examine their bank statements and report any forgeries or unauthorized transactions promptly. If a customer fails to report a forgery, they may be considered negligent and could be held liable for any subsequent forgeries committed by the same person. It is therefore important for customers to stay vigilant and report any suspicious activity to their bank as soon as possible.

A Customer Who Fails to Examine a Bank Statement and Report