Multiple Choice
Elmer can write checks on his account at Finance Bank.Gina steals the checks,forges Elmer's signature,and cashes the checks at Finance.The bank is excused from any liability if,after receipt of the first forged check,Elmer fails to report the forgeries within
A) five business days.
B) fourteen consecutive days.
C) one year.
D) three years.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A written stop payment order is valid
Q7: Fact Pattern 23-1 (Questions 15 and 16
Q8: Dina's debit card,issued by Eminent Bank,is stolen
Q33: Tiny authorizes United Bank to make transfers
Q41: If a customer's debit card is lost
Q42: Kip writes a check for $1,000 drawn
Q44: Dru signs a check "pay to the
Q54: A check carries with it an implied
Q57: Clyde issues a check payable to Discount
Q61: E-Bank, an online financial institution, gives financial