Which of the Following Is Correct with Respect to a Bank

question 35

Multiple Choice

Which of the following is correct with respect to a bank customer's duty to discover and report unauthorized signatures?

• A) The customer is required to exercise reasonable promptness in examining the bank statement.
• B) This duty of examination includes the signatures of payees or indorsers.
• C) The bank is liable on all items with unauthorized signatures even if these canceled checks were returned to the customer four years prior to the discovery of the alterations.
• D) The bank customer must report an unauthorized indorsement within one year of its occurrence.

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Definitions:

Ovarian Hormones

Hormones produced by the ovaries, including estrogen and progesterone, that regulate reproductive functions and influence other physiological processes.

Serotonin

A neurotransmitter that plays a key role in mood regulation, digestion, sleep, and other important bodily functions.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, influencing heart rate, blood pressure, and glucose metabolism.

Amygdala

A region of the brain involved in experiencing emotions, such as fear and pleasure.