QUESTION 37 Generally, the person who writes a check is called the Payor. True False

QUESTION 38 When a bank wrongfully dishonors a check, it is liable to the payee for damages. True False

QUESTION 39 One has one year to report a forged indorsement to the bank, or the bank will be relieved of liability to the drawer. True False

QUESTION 40 When a customer deposits a check into her checking account, her bank is called the depository and collecting bank. True False