Boris can write checks on his account at City Bank. Demi steals the checks, forges Boris's signature, and cashes the checks at City. The bank is excused from any liability if, after receipt of the first forged check, Boris fails to report the forgeries within

Question

Boris can write checks on his account at City Bank. Demi steals the checks, forges Boris's signature, and cashes the checks at City. The bank is excused from any liability if, after receipt of the first forged check, Boris fails to report the forgeries within​

Quizplus · Accepted Answer

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

Boris Can Write Checks on His Account at City Bank