Multiple Choice
Which of the following is not true regarding a drawer's duty to discover and report alterations and forgeries?
A) If there is a series of forgeries,the drawer's failure to discover and report these to the bank could relieve the bank of some liability.
B) A drawer must report a forgery or alteration within 6 months or the bank is discharged.
C) The bank is not always liable for paying a check over a forged signature.
D) The statutory time is 30 days to report a series of forgeries.
Correct Answer:
Verified
Correct Answer:
Verified
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