Solved

Which of the Following Is True Regarding Whether Harold Will

Question 66

Multiple Choice

Which of the following is true regarding whether Harold will have to bear the loss on the first forged check by Susie?


A) Harold will not have to bear the loss because the forgeries were by an employee; otherwise, he would have had to bear the loss.
B) Harold will not have to bear the loss because the check was forged.
C) Harold will have to bear the loss because he did not notify the bank of the forgery within the time limit required.
D) Harold will have to bear the loss because the check was cashed before he notified the bank.
E) Harold will have to bear the loss because the check was forged.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents