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Simple English definitions for legal terms

bank-statement rule

Read a random definition: jury sequestration

A quick definition of bank-statement rule:

Bank-Statement Rule: If you have a bank account, your bank will send you a statement every month that shows all the money going in and out of your account. It's important to check this statement and make sure everything looks right. If you see something that you didn't do, like someone taking money out of your account without your permission, you need to tell the bank right away. If you don't report it within a reasonable time, the bank might not be able to help you.

A more thorough explanation:

The bank-statement rule is a principle in commercial law that states that if a customer of a bank fails to review their bank statement and any accompanying items, and does not report any unauthorized payments due to forgery or alteration within a reasonable time, they may not be able to complain about it later.

For example, if a customer receives their bank statement and notices that there is a charge for a purchase they did not make, they should report it to the bank as soon as possible. If they wait too long and do not report it within a reasonable time, they may not be able to dispute the charge later.

Another example is if a customer receives a check that has been altered, such as the amount or payee name. If they do not report the alteration to the bank within a reasonable time, they may not be able to dispute it later.

The bank-statement rule is in place to encourage customers to review their bank statements and report any discrepancies in a timely manner to prevent fraud and unauthorized transactions.

bank statement | bann

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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