Richard Has a Checking Account at the Fourth National Bank

Essay

Richard has a checking account at the Fourth National Bank.He receives his monthly statement on the fifteenth of every month.On March 15 he receives his statement for the previous month.Because he is busy,he glances at it and then sets it aside.Two weeks later he examines it more carefully and discovers a forged check in the amount of $500 that the bank has paid.What should Richard do? Who has responsibility for the forged check?