If a Customer Does Not Discover a Forged Check and Report

question 50

True/False

If a customer does not discover a forged check and report it to the bank within one year from the time of the statement containing the check,the bank is not obligated to recredit his account for the amount of the forged check.

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Definitions:

Social Pressures

The influence that a group exerts on individuals to conform to expected behaviors, attitudes, or values.

Negative Situation

An unfavorable or adverse condition, setting, or circumstance which may cause stress or harm.

Malevolent Authority

An authority figure or governing body that uses their power or influence to cause harm, pain, or misery.

Task-Relationship Model

A framework in leadership that emphasizes the importance of balancing task orientation (achieving goals) with relationship orientation (maintaining interpersonal relationships) for effective leadership.