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    Business Law Study Set 7
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    Exam 25: Banking System and Electronic Financial Transactions
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    The Drawer's Failure to Report a Forged or Altered Check
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The Drawer's Failure to Report a Forged or Altered Check

Question 64

Question 64

True/False

The drawer's failure to report a forged or altered check to the bank within six months of receiving the bank statement and canceled checks containing it relieves the bank of any liability for paying the instrument.

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