In Accord with Banking Industry Practices,US Bank's Computers Are Pro?grammed

question 4

Multiple Choice

In accord with banking industry practices,US Bank's computers are pro?grammed to verify signatures only on checks exceeding $1,000.US Bank cashes a check for $900 on the forged signature of its customer Vita.Under UCC Article 3,with respect to reasonable commercial standards,US Bank is

• A)definitely liable.
• B)definitely not liable.
• C)liable if any other bank verifies all signatures on all checks.
• D)liable if Vita has never written or cashed a check for more than $899.

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Definitions:

Campus Violence

Acts of violence that occur on the premises of educational institutions like schools and universities.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Hazardous

Refers to anything that poses a risk of causing harm or danger to health, safety, or the environment.