The Drawer's Failure to Report a Forged or Altered Check

Multiple Choice

The drawer's failure to report a forged or altered check to the bank within ________ of receiving the bank statement and canceled checks containing it relieves the bank of any liability for paying the instrument.

A) thirty (30) days
B) sixty (60) days
C) ninety (90) days
D) one (1) year
E) three (3) years