If a company has 40 employees, but issues 43 checks, it will not be able to recover the value of the 3 extra checks from the bank who cashed them for the impostor.

Name: If a company has 40 employees, but issues 43 checks, it will not be able to recover the value of the 3 extra checks from the bank who cashed them for the impostor.
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Question

Quizplus · Accepted Answer

Banks typically do not reimburse companies for fraudulent checks cashed by impostors unless there is clear evidence of bank negligence.

If a Company Has 40 Employees, but Issues 43 Checks