The Liability for Losses on Counterfeit Checks Depends On

question 6

Multiple Choice

The liability for losses on counterfeit checks depends on:

• 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) both a.and b.
• D) none of the above.

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Definitions:

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