Question

Homer can write checks on his account at intercity bank. jemma steals the checks, forges homer's signature, and cashes the checks at intercity. the bank is excused from any liability if, after receipt of the first forged check, homer fails to report the forgeries within​

Answer 1

Three years in most states, but some have lowered the time frame to one year.

Step-by-step explanation:

Under UCC regulations (Revised UCC 4-401) drawee banks are responsible for paying forged checks. But clients have the responsibility of reporting forged endorsements in writing to the banks within a three years period. Most states have the three year limit on forged endorsement claims but some states have lowered the time to one year.