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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Individuals who work for themselves rather than being employed by an organization, often running their own businesses or freelancing.

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