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

question 5

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 the revised 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:

Mean

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of the numbers.

Prospective Guests

Individuals who are considered potential attendees or customers for an event or establishment.

Reservations

The act of holding something, such as a table, seat, or room, in advance; or doubts and concerns regarding a particular issue.

Continuous Random Variable

A variable that can take infinite values within a given range, representing quantities that can be measured on a continuous scale.