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Question
Which of the following statements is true concerning multiple forgeries and alterations?
A. A customer cannot hold the bank responsible for paying, in good faith, any altered checks after he/she receives the statement of account.
B. A bank will be held liable for honoring altered checks which were presented to the bank multiple times.
C. A customer bears the responsibility for any forgeries and subsequent forgeries that take place, even if he/she has notified the bank.
D. A bank will be held liable even if it proves that it suffered a loss due to the customer's failure to examine his/her statement and notify the bank.
Answer
This answer is hidden. It contains 255 characters.
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