Which of the Following Is True Regarding Whether Harold Will

Multiple Choice

Which of the following is true regarding whether Harold will have to bear the loss on the first forged check by Susie?

A) Harold will not have to bear the loss because the forgeries were by an employee; otherwise, he would have had to bear the loss.
B) Harold will not have to bear the loss because the check was forged.
C) Harold will have to bear the loss because he did not notify the bank of the forgery within the time limit required.
D) Harold will have to bear the loss because the check was cashed before he notified the bank.
E) Harold will have to bear the loss because the check was forged.