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Laura Gets a Statement and a Pile of Paid Checks

Question 21

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Laura gets a statement and a pile of paid checks from her bank on June 1.Within the pile of checks,is one check with a forged drawer's signature.Laura does not notify the bank about the forged check until the next month,July 1.Does this delay remove the bank's obligation to recredit Laura's account?

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No.The customer has ...

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