Under the UCC,if the Customer Does Not Notify the Bank

question 3

Multiple Choice

Under the UCC,if the customer does not notify the bank of an unauthorized signature within ______ after the statement has been made available,she cannot hold the bank liable for the payment.

• A) 10 Days
• B) 20 Days
• C) 30 Days
• D) 45 Days
• E) 60 Days

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Definitions:

Normal Model

A statistical model that describes how data points are distributed around the mean, assuming a symmetrical bell-shaped curve known as the normal distribution.

Scores Between

A reference to evaluating or comparing numerical values or results within a specified range.

Percentage

A way of expressing a number as a fraction of 100, used to describe proportions or compare magnitudes.

Normal Model

A type of statistical distribution that is symmetric, bell-shaped, and fully described by its mean and standard deviation.