Total points: --/5
Attempts
checks. If the customer fails to report the forgery within the first thirty
calendar days, then the select answer is liable for all subsequent
forgeries.
The bank can be held liable for payment of forged checks, even if the
customer fails to notify the bank of the forgery within the required time, if the
bank is select answer . The select answer has the duty
exercise select answer care in establishing and following policies to
minimize the risk of forgeries.
In this case, the court would likely find that Unitrust exercised
select answer care and that its policies select answer
Therefore, select answer was not liable for the forged checks, and
select answer assumed the liability.
