Which of the following statements are TRUE?

Group of answer choices

a. A bank that pays a customer's check with a forged drawer's signature can generally pass the loss onto the customer.

b. A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.

c. Each bank in a collection chain must pass a check on before midnight of the day of its receipt.

d. Generally, the funds represented by a deposited local check must be avail-able for withdrawal within one business day