If a Customer Does Not Notify the Bank of an Unauthorized

question 16

Multiple Choice

If a customer does not notify the bank of an unauthorized signature within ________ days after the statement has been made available,she cannot hold the bank liable for the payment under the UCC.

• A)60
• B)20
• C)45
• D)30
• E)10

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Definitions:

FERPA

The Family Educational Rights and Privacy Act, a federal law that protects the privacy of student education records.

Federal Law

Federal law consists of rules and regulations that are enacted by the national government and applicable throughout the country.

Placement Site

The specific location where an individual is assigned to work, study, or perform duties as part of a program or job.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual, guiding its decisions and actions.