On July 1, Liz steals two blank checks from her employer, Dave’s Market. On July 3, Liz forges Dave’s signature and cashes the first check. The check is returned with Dave’s monthly statement from First National Bank on August 1. Dave does not examine the statement or the checks. On August 24, Liz forges Dave’s signature and cashes the second check. This check is returned with Dave’s monthly statement on September 1. Dave examines both statements, discovers the forgeries, and insists that the bank recredit the account for both checks. Assuming that the bank was not negligent in paying the checks, the bank must recredit Dave’s account for

a. both checks.

b. the first check only.

c. the second check only.

d. neither of the checks.