Banks Are Liable for Losses on Counterfeit Checks in All

question 40

Multiple Choice

Banks are liable for losses on counterfeit checks in all the following scenarios except:

• A) whether or not the bank acted reasonably in its processing systems in clearing the checks.
• B) whether or not the bank complied with time requirements for customers regarding the checks.
• C) whether or not the bank made an unreasonable mistake in paying the check.
• D) whether or not presentment was valid.

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Definitions:

Pensions

A fixed sum paid regularly to a person following retirement from service, typically funded during the individual's working life.

Canada

A country in North America known for its vast landscapes, multicultural population, and as a member of the Commonwealth with a parliamentary democracy.

1831

A year that can be noted for specific historical events, but without additional context, does not denote a universally recognized key term.

Lose Weight

The process of reducing body mass through dietary changes, exercise, or surgical procedures.