Even If a Customer's Negligence Substantially Contributes to a Forgery

question 39

True/False

Even if a customer's negligence substantially contributes to a forgery of the drawer's signature on a check, the bank is obliged to re-credit the customer's account for the amount of the check.

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Definitions:

Promotional Programs

Campaigns or activities aimed at increasing consumer engagement or sales, often through discounts, advertisements, or special offers.

Territory Manager

A person who plans, organizes, and executes activities that increase sales and profits in a given territory.

Breakfast Cereal

A food product designed to be eaten as a quick and easy breakfast option, typically manufactured from processed grains.

Company Funds

Monetary resources owned or held by a company, often used for operational costs, investments, expansion, and other financial activities within the business.