A bank always is liable to the depositor on a counterfeit check that the bank has paid.

Question

Quizplus · Accepted Answer

A bank is not always liable to the depositor for a counterfeit check that it has paid. Liability depends on various factors including the timeliness of the fraud detection and reporting by the depositor, the bank's adherence to check processing procedures, and the jurisdiction's laws and regulations governing such situations.

A Bank Always Is Liable to the Depositor on a Counterfeit