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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.


Definitions:

Reflex Responses

Automatic, involuntary actions or movements in response to external stimuli.

Reflexive Reaction

An automatic, involuntary response to a stimulus without conscious thought, often designed as a protective or survival mechanism.

Neurological Health

Refers to the functioning and well-being of the nervous system, including the brain, spinal cord, and peripheral nerves.

Moro Reflex

An involuntary response seen in newborns, where they suddenly extend their arms and legs and then pull them back in if they feel like they are falling.

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