Opinion ID: 864892
Heading Depth: 2
Heading Rank: 1

Heading: whether rogers’ delay in detecting the

Text: FORGERIES BARRED SUIT AGAINST UNION PLANTERS. 8 ¶13. The relationship between Rogers and Union Planters is governed by Article 4 of the Uniform Commercial Code, enacted in Miss. Code Ann. §§ 75-4-101 through -504 (Rev. 2002). Section 75-4-406(a) & (c)5 provide that a bank customer has a duty to discover and report “unauthorized signatures”; i.e., forgeries.6 Section 4-406 of the UCC reflects an underlying policy decision that furthers the UCC’s “objective of promoting certainty and predictability in commercial transactions.” The UCC facilitates financial transactions, benefitting both consumers and financial institutions, by allocating responsibility among the parties according to whomever is best able to prevent a loss. Because the customer is more 5 Miss. Code Ann. § 75-4-406(a) & (c) (Rev. 2002) provide as follows: (a) A bank that sends or makes available to a customer a statement of account showing payment of items for the account shall either return or make available to the customer the items paid or provide information in the statement of account sufficient to allow the customer reasonable to identify the items paid. The statement of account provides sufficient information if the items is described by item number, amount, and date of payment.