Under the revised Article 4, a bank is no longer required to include the customers canceled checks
Question:
Under the revised 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 these 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
Question Posted: