× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
Home Q & A Board Humanities Legal Studies
New Topic  
aubree98 aubree98
wrote...
Go to Answer
Posts: 316
Rep: 0 0
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.
Read 90 times
1 Reply
Replies
Answer verified by a subject expert
FredioFredio
wrote...
#1
Top Poster
Posts: 1076
Rep: 2 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

aubree98 Author
wrote...

6 years ago
Just got PERFECT on my quiz
ediblefruitz
wrote...

Yesterday
Thanks for your help!!
Jadakiss
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1265 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 622
  
 349
  
 2041