A Bank Always Is Liable to the Depositor on a Counterfeit

question 18

True/False

A bank always is liable to the depositor on a counterfeit check that the bank has paid.

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Definitions:

Necessaries

Basic essential goods required for living, which can include food, clothing, shelter, and healthcare, depending on the context.

Landlord

An individual or entity that owns property and rents it out to tenants, providing housing or commercial space in exchange for rent.

Fully Responsible

Refers to being wholly accountable for an action or situation without exception.

Contracts

Legally binding agreements between two or more parties that outline duties, rights, and obligations.