The liability for losses on counterfeit checks depends on:
A) whether or not the bank acted reasonably in its processing systems in clearing the checks.
B) whether or not the bank complied with time requirements for customers regarding the checks.
C) both a.and b.
D) none of the above.
Correct Answer:
Verified
Q23: Ordinarily, the drawee bank is liable to
Q28: Certification of a check at the request
Q32: A forged endorsement must be reported within
Q34: A bank must be given a reasonable
Q35: The Electronic Fund Transfers Act (EFTA)does not
Q35: A debit transaction occurs when a person
Q36: In a complex funds transfer, an intermediary
Q39: A bank always is liable to the
Q40: A depositor issued a check and,after mailing
Q52: When a drawee bank pays on a
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