When Customers of Financial Institutions Draw (Write)cheques They Have a Common

question 23

Multiple Choice

When customers of financial institutions draw (write) cheques they have a common law duty:

• A)to draw cheques carefully so they are not easily forged or altered
• B)to report forgeries as soon as the customer knows about them.
• C)to regularly monitor their cheque accounts and advise the institution of any unauthorised use
• D)to comply with all of the above
• E)to comply with A and B only

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