8. Hassan Qassemzadeh had an account at the IBM Poughkeepsie Employees Federal Credit Union. On December...

Transcribed Image Text:

8. Hassan Qassemzadeh had an account at the IBM Poughkeepsie Employees Federal Credit Union. On December 1, he wrote a check for $9.60, which was altered and subsequently cashed for $9,000.60. In January, the Credit Union mailed his statement to his niece, as he had directed. This statement indicated that the check had been paid on January 6 for $9,000.60. Qassemzadeh notified the Credit Union of the alteration the following January. Is the Credit Union liable to Qassemzadeh for the amount of the altered check?