Under Revised Article 3,when Multiple Forgeries Are Made by the Same

question 50

Multiple Choice

Under Revised Article 3,when multiple forgeries are made by the same wrongdoer,the customer generally cannot hold the bank responsible for paying,in good faith,any such checks after an alteration was available to the customer for a reasonable period,not exceeding:

• A)10 working days.
• B)30 calendar days.
• C)60 calendar days.
• D)14 working days.

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Definitions:

Revenues

The total income generated by a company or entity from its business activities, such as sales of goods or services.

Interest Rates

The cost of borrowing money or the return for investing money, usually expressed as a percentage.

Cement Truck

A vehicle equipped with a revolving drum used for mixing cement with water, sand, and gravel to make concrete and transporting it to construction sites.

Utility Function

A mathematical representation of how consumers rank different bundles of goods according to the level of satisfaction or utility those bundles provide.