The drawer's failure to report a forged or altered check to the bank within six months of receiving the bank statement and canceled checks containing it relieves the bank of any liability for paying the instrument.
Correct Answer:
Verified
Q53: The _ is a government agency that
Q54: Which of the following is true of
Q55: If a payer bank pays the altered
Q56: If the drawer and the payee of
Q57: Instead of depositing an "on them" check
Q59: The payer bank cannot charge the customer's
Q60: A forged signature is wholly inoperative as
Q61: Which of the following is one of
Q62: Article 4A of the Uniform Commercial Code
Q63: If there are major failures of several
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