Which of the following statements is true concerning multiple forgeries and alterations?
A)A customer cannot hold the bank responsible for paying,in good faith,any altered checks after he/she receives the statement of account.
B)A bank will be held liable for honoring altered checks that were presented to the bank multiple times.
C)A customer bears the responsibility for any forgeries and subsequent forgeries that take place,even if he/she has notified the bank.
D)A bank will be held liable even if it proves that it suffered a loss due to the customer's failure to examine his/her statement and notify the bank.

Question

Quizplus · Accepted Answer

The customer generally cannot hold the bank responsible for paying,in good faith,any such checks after the statement of account or item that contained the first unauthorized customer's signature or an alteration was available to the customer for a reasonable period,not exceeding 30 calendar days.

Which of the Following Statements Is True Concerning Multiple Forgeries