Which of the Following Statements Is True Concerning Multiple Forgeries

question 25

Multiple Choice

Which of the following statements is true concerning multiple forgeries and alterations?

• A)A customer cannot hold the bank responsible for paying,in good faith,any altered checks after he/she receives the statement of account.
• B)A bank will be held liable for honoring altered checks that were presented to the bank multiple times.
• C)A customer bears the responsibility for any forgeries and subsequent forgeries that take place,even if he/she has notified the bank.
• D)A bank will be held liable even if it proves that it suffered a loss due to the customer's failure to examine his/her statement and notify the bank.

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Definitions:

Monochlorinated Products

Chemical compounds that contain a single chlorine atom covalently bonded within their structure.

Isobutane

An isomer of butane, known as methylpropane, a gas used as a refrigerant and a propellant in aerosol sprays.

Bromine Radical

A highly reactive species formed by the homolytic cleavage of bromine, involved in various combustion and halogenation processes.

Abstracted

In chemistry, this term refers to the concept of removing something, especially a significant component or element from a complex entity.