Bob makes a check for $100 in a way that makes it possible for someone to easily alter it to read $1,100,and it is so altered.Under these circumstances:
A) If the drawee bank pays the check to a holder in good faith,it can charge the $1,100 to Bob's account if Bob's negligence contributed to the alteration.
B) A drawee bank can charge the $100 to Bob's account and will be liable for the rest of the altered amount.
C) The drawee bank is completely liable to Bob for accepting the altered check even if Bob's negligence contributed to the alteration.
D) The person who altered the check is liable to the drawee bank and the bank cannot charge the $1,100 to Bob's account.
Correct Answer:
Verified
Q35: Callie drew a check payable to the
Q36: Under Revised Article 3,when multiple forgeries are
Q37: If a bank pays a check after
Q38: Bill purchased a new car from Friendly
Q40: Check 21 contains a special refund procedure,called
Q41: Which of the following is an electronic
Q41: What are the different electronic funds transfer
Q43: The EFTA differs from the FCBA regarding:
A)consumer's
Q45: Which of the following statements is true
Q46: Describe the provisions of the Electronic Funds
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