Horace can write checks on his account at InterCity Bank. Jemma steals the checks, forges Horace's signature, and cashes the checks at InterCity. The bank is excused from any liability if, after receipt of the first forged check, Horace fails to report the forgeries within
A) fourteen days.
B) one year.
C) six days.
D) six months.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), a customer must report any unauthorized signature or alteration to the bank within one year from the time the bank statement is made available to the customer.

Horace Can Write Checks on His Account at InterCity Bank