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

Verified
Correct Answer:
Verified
Q23: The first bank to receive a check
Q27: Roald writes a check for $700 to
Q28: Rikki signs a check "pay to the
Q29: Drew signs a check "pay to the
Q31: A bank that encodes information on an
Q33: eBank,an online financial institution,gives financial information about
Q34: Darwin signs a check "pay to the
Q36: Scott presents an instrument that states "pay
Q37: If a bank fails to detect an
Q47: Any failure of a bank to honor