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    Unauthorized Signatures

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    Under the 1990 revision of Article 4, a bank is not required to include the customer's canceled checks when it sends monthly statements to the customer. Banks may simply itemize the checks (by number, date, and amount) or, in addition to this itemization, also provide photocopies of the checks. What implications do the revised rules have for bank customers in terms of liability for unauthorized signatures and endorsements?

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    Unauthorized signatures:
    Article 4-401
    1. The bank may never know whether there is an unauthorized signature or not and if there is an agreement ...

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