Boris can write checks on his account at City Bank. Demi steals the checks, forges Boris's signature, and cashes the checks at City Bank. The bank is excused from any liability if, after receipt of the first forged check, Boris fails to report the forgeries within
A) one day.
B) one year.
C) one month.
D) six months.
Correct Answer:
Verified
Q60: Nan writes a check for $1,000 drawn
Q61: Finance Bank receives a check drawn on
Q62: Misha's debit card, issued by National United
Q63: Daisy signs a check "pay to the
Q64: When processing a check, Platinum Bank encodes
Q66: Erin uses e-money consisting of funds stored
Q67: Curt issues a check payable to Discount
Q68: Ridge Bank creates a paper reproduction of
Q69: On Friday morning, Geoff deposits into his
Q70: Nick steals two checks from Pauline-a blank
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