Assuming the bank is not negligent, in the case of multiple forgeries by the same wrongdoer, what is the effect of a customer's failure to notify the bank of the first forgery in regard to subsequent forgeries?

Question

Quizplus · Accepted Answer

The customer is barred from recovering on the subsequent forgeries because the failure to notify the bank of the first forgery generally precludes the customer from claiming losses from any subsequent forgeries by the same wrongdoer, assuming the bank was not negligent. This is based on the principle that the customer's notification could have prevented further forgeries by the same individual.

Assuming the Bank Is Not Negligent, in the Case of Multiple