If a customer does not discover a forged check and report it to the bank within one year from the time of the statement containing the check,the bank is not obligated to recredit his account for the amount of the forged check.

Question

Quizplus · Accepted Answer

A customer must discover and report to the bank any unauthorized customer's signature or any alteration within one year from the time after the statement or items are made available to him.If the customer does not do so,he cannot require the bank to recredit his account for such items.

If a Customer Does Not Discover a Forged Check and Report