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Simple English definitions for legal terms

bank-statement rule

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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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BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
BulbasaurNoLikeCardio
10:20
Yes the septum, so they don't feel weird or mess with breathing/running at all even when flipped in? At limit
snow
10:23
its been a quiet morning so far
LSDFan
10:23
i have no hope for today
JumpySubsequentDolphin
10:24
idk about septums, i only have nostril pierced @bulb
triplethread
10:24
snow i think we will prob hear back from kent the week of dec 1st
10:24
Past 10am and ....nothing
JumpySubsequentDolphin
10:24
I think UCLA a wave today no?
babycat
10:24
🚑
What time have UCLA waves been at
Dkk
10:24
It's only 7:24 AM. We on the west coast control the time.
thismanatemyson
10:25
UCLA please save me
triplethread
10:25
snow if i dont get invited for an honors college interview i might freak
Dkk
10:25
11:22:24 AM PST, wave will come.
triplethread
10:26
dkk are u a boy or a girl
Dkk
10:26
Wizard 101 told me I was a boy wizard.
triplethread
10:26
ok
BulbasaurNoLikeCardio
10:26
I am thinking it will be slower/quitter until after thanksgiving
snow
10:27
thread im like 90% sure im getting an R, but ive come to peace that this might be my unreasonable R for the cycle
triplethread
10:27
but snow we have the same stats. you'll be fine. i promise. if im this confident you should be too
Dkk
10:27
Only tiktok I will share cus I stay off that site.
I am sorry if you like it, but TikTok is fucking awful
LSDFan
10:28
tiktok is great
triplethread
10:28
i lub tik tok and reddit and instantgram
Dkk
10:29
Nah, lol I hate it @texas. I remember when it was music.ly too and you used to have music.ly cringe compilations.
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