If a Customer Does Not Discover a Forged Check and Report

question 50

True/False

If a customer does not discover a forged check and report it to the bank within one year from the time of the statement containing the check,the bank is not obligated to recredit his account for the amount of the forged check.

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Definitions:

Human Resource Management

A tactical method aimed at efficiently handling personnel within a company, with an emphasis on practices and frameworks that enhance the performance of employees.

Organization's Strategy

A plan of action designed by an organization to achieve long-term goals and sustain competitive advantage.

Formal Approach

A methodical, structured, and often documented way of addressing activities, processes, or problems.

Sexually Harassed

Experiencing unwelcome sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature.