Examlex
Which of the following statements is (are) true with respect to financial institution bonds?
I.Fidelity coverage covers losses resulting from the dishonest acts of employees.
II.Financial institutions usually insure their crime exposures through financial institutions bonds.
Forged Signature
The act of illegally replicating another person’s signature for deceptive purposes.
Presentment Warranties
Assurances given by the presenter of a negotiable instrument regarding its validity and their authority to enforce it.
Warrantor
An individual or entity that guarantees the condition of a product or service.
Ratification
Ratification is the formal approval of an agreement, treaty, or contract, often by voting or through some legal process, making it officially valid.
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