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Home Q & A Board Humanities Legal Studies
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aubree98 aubree98
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6 years ago
A negotiable promissory note was issued by Gold. It was properly issued in all ways. Nevertheless, the payee managed to alter the note and raise the amount from 500 to 5,000. A holder in due course presented the note for payment to Gold who discovered the alteration. In this case:
 A) Gold is liable for 500 only.
 B) Gold is liable for the full 5,000.
 C) Gold has no liability on the altered note.
 D) Gold is liable for 2,500.
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FredioFredio
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6 years ago
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6 years ago
This helped my grade so much Perfect
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Helped a lot
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