Multiple Choice
Which of the following is true regarding whether Harold will have to bear the loss on the later forgeries,other than the first one,by Susie?
A) Harold will not likely have to bear the loss because there was no delay in bank notification.
B) Harold will not have to bear the loss because forgeries were involved.
C) Harold will not have to bear the loss because the forgeries were by an employee; otherwise, he would have had to bear the loss.
D) Harold will have to bear the loss because the checks were cashed before he notified the bank.
E) Harold will have to bear the loss because he did not notify the bank about the first forgery by Susie within 30 days.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Assuming a proper and timely claim is
Q23: An oral stop payment order is valid
Q52: Which of the following is true regarding
Q53: If a customer makes a deposit over
Q53: The customer cannot order a stop payment
Q55: Which of the following is true regarding
Q57: A written stop-payment order is valid for
Q57: Unlike in the United States,in India money
Q58: According to the UCC,a check is a
Q61: Which of the following is true regarding