Which of the Following Is Correct Regarding Whether the Bank

question 42

Multiple Choice

Which of the following is correct regarding whether the bank will legally have to accept responsibility for the check presented by Renee?

• A) The bank has no responsibility to repay Harold on the basis that because Renee was an employee, the check was not considered forged.
• B) The bank will be required to repay Harold because the check was forged.
• C) Harold will have to bear the loss because the check was paid before the bank had notice of the forgery.
• D) Harold will not have to bear the loss because the forgeries were by an employee; otherwise, he would have had to bear the loss.
• E) The bank will likely not be required to repay Harold because Harold's negligence in leaving the rubber stamp with his signature readily available likely substantially contributed to the forged signature.

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Definitions:

Continuum

Refers to a continuous sequence in which adjacent elements are not perceptibly different from each other, although the extremes are quite distinct.

Rehearse

The act of practicing or preparing for a performance or event by repeating actions or reviewing content.

Carry Out

To execute a plan or perform a task.

Stepparent Household

A family structure where at least one parent is a stepparent to one or more of the children living in the household.