Question: Nathan received his February checking account statement. The bank statement included a list of check numbers, amounts and dates of payment, but not the canceled
Nathan received his February checking account statement. The bank statement included a list of check numbers, amounts and dates of payment, but not the canceled checks. Unbeknownst to Nathan, Eddie had been stealing blank checks, forging Nathan's name, and passing the checks as payment for goods and services throughout the months of February and March. The bank was not careless in paying the checks. Nathan timely notified the Bank about the forgeries. If the Bank refuses to recredit Nathans account, and Nathan sues, what will be the most likely outcome:
| a. | Nathan will win because the bank paid checks on which Nathan's name was forged. | |
| b. | Nathan will lose because Nathan did not report the forgeries within 30 days of receiving his monthly bank statements. | |
| c. | Nathan will win because the bank did not send Nathan the canceled checks. | |
| d. | Nathan will lose because this is a breach of contract by the bank. |
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