Undergoing chemotherapy, While Cody was undergoing

Undergoing chemotherapy

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Reference no: EM13302567

While Cody was undergoing chemotherapy, he gave his brother Jeff power of attorney to handle his affairs, such as paying bills and other banking responsibilities. During the 15 months that Jeff handled Cody’s affairs, he did not examine Cody’s bank statements carefully as they arrived each month. Cody’s housekeeper, Martha, forged Cody’s name to a check written out to herself for $10,000. The drawee bank paid the check and charged Cody’s account. Jeff did not notify the bank for 13 months after he received the statement and the forged check. Can he compel the bank to reverse the charge? Explain why or why not. Please be sure to include citations to support your response.

Reference no: EM13302567

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