Solved

Freetown Bank Pays a Check on Which Has Been Forged

Question 49

Multiple Choice

Freetown Bank pays a check on which has been forged the signature of the drawer,Greg,who is a Freetown customer.The bank must recredit Greg's account for the entire amount of the check if


A) the amount of the check was less than $1,000.
B) the amount of the check was more than $2,500.
C) the bank's negligence substantially contributed to the forg?ery.
D) Greg's negligence substantially contributed to the forg?ery.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions