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A thief stole Art's checkbook and forged Art's name as drawer of a check. The drawee paid the check in good faith and sent it to Art with the monthly statement on January 3, 2013. The thief forged other checks during February and March of 2013, which the drawee in good faith paid. All paid checks were sent to Art with monthly statements. On May 25, 2014, Art discovered all of the forgeries and notified the drawee. For which check(s) is Art entitled to be reimbursed

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Based on the explanation given in the scenario, since, the drawee repeatedly followed protocol for every transaction performed, then Art's entitlement to reimbursement would be valid for none of the cheques.

  • The bank would not be held responsible for carelessness of the drawer and his failure to report vulnerabilities to his/her account.

  • Since the thief was able to successfully forge Art's signature, then it is imperative that the drawer is paid.

  • Transaction notification and statement were sent after each transaction and still Art made no report or compliant, hence, the bank would not be liable for any of his losses.

Hence, None of the withdrawals will be reimbursed.

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