Rick leaves his checkbook on the table, and Zeke steals a couple of checks. Zeke forges Rick's signature on the checks and cashes them. Rick doesn't examine his bank statements and doesn't notice the forgeries. Rick discovers the forgeries 60 days later, notifies the bank, and demands they reimburse him for the loss. Which of the following statements is true? 

A. Rick isn't entitled to reimbursement because he could have prevented the forgery by guarding his checkbook more carefully. 

B. Rick is entitled to reimbursement because the signatures were forged. 

C. Rick isn't entitled to reimbursement because he failed to notify the bank of the forgery within 30 days after receiving his bank statement. 

D. Rick is entitled to reimbursement because he notified the bank promptly after he discovered the forgery.

Answer rating: 100% (QA)

Correct answer D Rick is ... View the full answer