Elmer can write checks on his account at Finance City Bank.Gina steals the checks,forges Elmer's signature,and cashes the checks at Finance City.The bank is excused from any liability if,after receipt of the first forged check,Elmer fails to report the forgeries within
A)five days.
B)fourteen days.
C)one year.
D)three years.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), a bank customer must report unauthorized signatures or alterations within one year from the time the bank statement is made available to them.

Elmer Can Write Checks on His Account at Finance City