If the same wrongdoer engages in a series of forgeries or alterations on the same account,the customer must report that to the payer bank within a reasonable period of time,not exceeding one (1)year from the date that the bank statement was made available to the customer.
Correct Answer:
Verified
Q40: Certified checks never become stale.
Q41: Federal currency reporting laws require financial institutions
Q42: Banks must credit all customers' deposits to
Q43: If a bank does not honor a
Q44: When a bank wrongfully dishonors a check,both
Q46: Written stop-payment orders are renewable for 90-day
Q47: The Uniform Commercial Code places the risk
Q48: When a payee or holder receives a
Q49: A forged check is never "properly payable."
Q50: If a bank pays a check with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents