Homer can write checks on his account at InterCity Bank. Jemma steals the checks,forges Homer's signature,and cashes the checks at InterCity. The bank is excused from any liability if,after receipt of the first forged check,Homer fails to report the forgeries within
A)fourteen days.
B)one year.
C)six days.
D)six months.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), a bank customer must report unauthorized signatures or alterations on their account statement within one year from when the statement was made available to them. If they fail to do so, the bank is typically excused from liability for the forged checks.

Homer Can Write Checks on His Account at InterCity Bank