Final answer:
Banks can be liable for cashing a check that lacks an endorsement if they fail to exercise reasonable care.
Explanation:
False
A bank can be liable for cashing a check that lacks an endorsement under certain circumstances. For example, if the bank fails to exercise reasonable care in verifying the authenticity of the check and suffers a loss as a result, they could be held responsible.
Understanding the legal obligations and responsibilities of banks when processing checks is essential to ensure compliance with banking regulations.
Learn more about Banking and liability for cashing checks here:
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