Since the 1990 revision of Article 4, a bank is no longer required to include the customers

Question:

Since the 1990 revision of Article 4, a bank is no longer required to include the customer’s canceled checks when it sends monthly statements to the customer. A bank may simply itemize the checks (by number, date, and amount); it may provide photocopies of the checks as well but is not required to do so. What implications do the revised rules have for bank customers in terms of liability for unauthorized signatures and indorsements?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

Question Posted: