A Bank Cannot Recover from a Holder Who Cashes a Check

question 48

True/False

A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.

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Definitions:

Environmental Compliance Audits

Systematic assessments that evaluate how well a company or organization adheres to environmental laws and regulations.

Superfund

A program established to fund the cleanup of sites contaminated with hazardous substances and pollutants.

Environmental Protection Agency

A governmental organization responsible for the regulation of activities to protect human health and the environment by enforcing laws related to air and water quality and hazardous waste.

Solid Waste

Non-liquid, non-soluble materials ranging from municipal garbage to industrial wastes that contain complex, sometimes hazardous, substances.