If the Same Wrongdoer Engages in a Series of Forgeries

question 65

True/False

If the same wrongdoer engages in a series of forgeries or alterations on the same account,the customer must report that to the payer bank within a reasonable period of time,not exceeding one (1)year from the date that the bank statement was made available to the customer.

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Definitions:

Employer's Ability

An organization's capacity to meet its obligations, including paying salaries, providing benefits, and maintaining a safe work environment.

Salaried Employee

An employee who is paid a fixed salary rather than an hourly wage, typically receiving payment on a monthly or biweekly basis.

Piece-Rated Employee

A worker whose pay is based on the number of items produced or tasks completed, rather than time spent on the job.

Directly Compensated Employee

A worker who receives payment in the form of wages, salary, or other direct payments for their job.