Which of the Following Statements Is True Concerning Multiple Forgeries

question 10

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 which 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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