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Nathan Received His February Checking Account Statement and Then His

Question 9

Multiple Choice
Nathan received his February checking account statement and then his March statement,but failed to reconcile these statements with his bank records.The bank statements included a list of check numbers,amounts and dates of payment,but not the canceled checks.Unbeknownst to Nathan,Eddie had been stealing blank checks,forging Nathan's name,and passing the checks as payment for goods and services throughout the months of February and March.The bank was not careless in paying the checks.When Nathan got his April monthly bank statement,he examined the statements for all three months.It was then that he realized that his account balance showed $2000 less than what it should,and he began to investigate.Nathan sued the bank for total reimbursement for the forged checks.Nathan will:

Nathan received his February checking account statement and then his March statement,but failed to reconcile these statements with his bank records.The bank statements included a list of check numbers,amounts and dates of payment,but not the canceled checks.Unbeknownst to Nathan,Eddie had been stealing blank checks,forging Nathan's name,and passing the checks as payment for goods and services throughout the months of February and March.The bank was not careless in paying the checks.When Nathan got his April monthly bank statement,he examined the statements for all three months.It was then that he realized that his account balance showed $2000 less than what it should,and he began to investigate.Nathan sued the bank for total reimbursement for the forged checks.Nathan will:


A) lose because Nathan did not report the forgeries within 30 days of receiving his monthly bank statements.
B) win because the bank did not send Nathan the canceled checks.
C) win because the bank paid a check on which Nathan's name was forged.
D) win because this is a breach of contract by the bank.

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