The Drawer's Failure to Report a Forged or Altered Check

question 64

True/False

The drawer's failure to report a forged or altered check to the bank within six months of receiving the bank statement and canceled checks containing it relieves the bank of any liability for paying the instrument.

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Definitions:

Private Talk

Self-directed speech used by individuals, often in a way to organize thoughts, plan actions, or solve problems.

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Potato Salad

A dish typically made from boiled potatoes and a variety of other ingredients, including mayonnaise, herbs, vegetables, and sometimes meat.

Stomach

An organ in the digestive system that secretes acid and enzymes to digest food before it moves into the small intestine.