A bank will not be liable for payment of a check on which the drawer's signature has been forged if:
A) the bank could not have detected the forgery through a reasonable investigation.
B) there are more than two prior indorsers of the check.
C) the bank gives a cashier's check in payment of the depositor's check.
D) the drawer's negligence contributed substantially to the forging of the signature.
Correct Answer:
Verified
Q20: When a bank certifies a check, the
Q21: Postdating a check changes the check from
Q22: An oral stop payment order is binding
Q23: Ordinarily, the drawee bank is liable to
Q24: All of the following are correct concerning
Q26: Harvey issued a check to AgribizCo and,
Q27: Which of the following statements describes a
Q28: Certification of a check at the request
Q29: A consumer who notifies the issuer of
Q30: A written stop payment order or confirmation
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