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