21 When Rosita received her bank statement, she examined the nnceled checks returned with the statement and discovered that one check had been signed with Rosita's name by an unauthorized person {Le her signature was forged}. Rosita immediately informed her bank. Should Rosita get her account credited for the forged check? a. No: the bank. after carefully inspecting the instrument at the time of payment. is not liabte for errors made on checks sashed for a depositor. b. No: the bank is relieved from liability if the drawer fails to exercise great core in seeing that onlyr properly written checks are presented for payment at the bank. c. Yes: the bank itself is liable when it sashes a check on which the drawer's signature has been forged. d. Yes: the bank itself is liable under the caveat emptor rute. 22 Ulivero wrote a check for $5lllL drawn on Charter Bank and gave it to Don Carlo. When Don Carlo presented the check for payment. Charter Bank dishonored it for insufcient funds. Don Carlo may sue: both ISharter Bank and Cliivero. DIivero onty. a. b. c. Charter Bank only. d. the Federal Reserve Bank. 23 An overdraft occurs when a a. bank allows a customer to write checks for more than the amount of money on deposit. b. customer writes a bad check. s. bank sashes a check that is more than three months old. d. bank sashes a check dated after the actual date of issue. 24. Holders in due course take an instrument subject to a. personal defenses only. b. real defenses only. c. d. both real and personal defenses. no defenses. 25. To be a holder in due course, a person must take an instrument a. before its due date. b. the day after its due date. c. thirty days after its due date. d. ten days after its due date