Multiple Choice
Trudy forges Uma's signature on a check "payable to the order of Trudy" drawn on Uma's account in Verity Bank.Most likely,if the bank pays the check
A) the Federal Reserve will reimburse all parties for their costs.
B) he loss will be apportioned among all of Verity's customers.
C) Uma will be liable for the amount.
D) Verity will have to recredit Uma's account.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Simon signs a check "pay to the
Q7: A customer has sixty days from the
Q22: Scott presents an instrument that states "pay
Q23: Elmo pays First National Bank $1,000 plus
Q24: A customer has a right to stop
Q27: Roald writes a check for $700 to
Q29: Ian buys a cell phone in Jiffy
Q31: Commercial banking practices consider a check that
Q31: A bank may contractually shift to the
Q81: An oral stop payment order is valid