Solved

In Accord with Banking Industry Practices, US Bank's Computers Are

Question 3

Multiple Choice

In accord with banking industry practices, US Bank's computers are pro?grammed to verify signatures only on checks exceeding $1,000. US Bank cashes a check for $900 on the forged signature of its customer Vita. Under the revised UCC Article 3, with respect to reasonable commercial standards, US Bank is


A) definitely liable.
B) definitely not liable.
C) liable if any other bank verifies all signatures on all checks.
D) liable if Vita has never written or cashed a check for more than $899.

Correct Answer:

verifed

Verified

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