Exam 57: for Unit Five

Phoebe sends Rosinda a cashier's check for $1,000. Rosinda deposits the check into her account at Security Bank. The next business day, the bank confirms a $1,000 increase in Rosinda's account. She then wires Phoebe $150 for "fees." Later, the bank discovers that the check is a fake. Most likely, the loss falls to

National Bank's policy is to examine signatures only on checks exceeding $2,500. Checks for lesser amounts are selected randomly for signature verification. National fails to verify a forged drawer's signature on a check for $1,500 drawn on Odel's account. Most likely liable for the amount is

Dustin loans Concepcion $50. Concepcion can aid sustainability by

In accord with banking industry practices, US Bank's computers are programmed 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 UCC Article 3, with respect to reasonable commercial standards, US Bank is