Which of the following is true regarding whether Harold will have to bear the loss on the later forgeries,other than the first one,by Susie?
A) Harold will not likely have to bear the loss because there was no delay in bank notification.
B) Harold will not have to bear the loss because forgeries were involved.
C) Harold will not have to bear the loss because the forgeries were by an employee; otherwise, he would have had to bear the loss.
D) Harold will have to bear the loss because the checks were cashed before he notified the bank.
E) Harold will have to bear the loss because he did not notify the bank about the first forgery by Susie within 30 days.
Correct Answer:
Verified
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