Assuming the Bank Is Not Negligent,in the Case of Multiple

question 44

Multiple Choice

Assuming the bank is not negligent,in the case of multiple forgeries by the same wrongdoer,what is the effect of a customer's failure to ever notify the bank of the first forgery in regard to subsequent forgeries?

• A) There is no effect because each forgery stands on its own.
• B) The customer is barred from recovering on the subsequent forgeries.
• C) The customer may recover on a subsequent forgery if it is reported to the bank within 5 days after the statement showing the subsequent forgery is received by the customer.
• D) The customer may recover on a subsequent forgery if it is reported to the bank within 10 days after the statement showing the subsequent forgery is received by the customer.
• E) The customer may recover on a subsequent forgery if it is reported to the bank within 15 days after the statement showing the subsequent forgery is received by the customer.

Analyze ethical problems in the workplace related to quality, safety, property, and human relationships.

Differentiate between influences on character formation, the basis of ethics, and levels of moral development.

Understand the characteristics and outcomes of enlightened leadership.

Identify and differentiate between various organizational cultures and climates.

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Definitions:

Implied Contract Terms

Terms judges read into employment contracts when the written contract does not expressly deal with the matter.

Employment Contracts

Written or implied agreements specifying the terms and conditions of an individual's employment.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances.

Established Contracts

Legally binding agreements that have been agreed upon by the parties involved and typically outline the terms of employment, services, or other mutual commitments.