If a bank pays a check whose face has been altered to increase the amount above that which the drawer intended to pay, the bank:
A) is liable to the drawer for the amount of the increase
B) is liable to the drawer for the full amount of the check.
C) incurs liability only if it failed to examine the check before payment.
D) incurs liability only if the drawer made the alteration.
A
You might also like to view...
All of the steps in the Systems Development Life Cycle apply to software that is developed in-house and to commercial software
Indicate whether the statement is true or false
To record a cash discount allowed on a purchase:
a. no entry is required. b. purchase returns and allowances is credited. c. purchase discounts is credited. d. purchases is credited.
What is "journey mapping" and how is it used by retailers?
What will be an ideal response?
The table depicts an production line that has been balanced with a takt time of 2 minutes. Where would you add a worker if you wanted to increase the output rate while keeping six work stations?
Workstation 1 2 3 4 5 6 Task A, B C D, E, F G, H I J, K, L Time (min) 1, 1 1.8 1, 0.5, 0.4 0.9, 0.8 1.8 0.5, 0.5, 0.6 A) station 1 B) station 2 C) station 3 D) station 6