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ven90 ven90
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Posts: 1212
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5 years ago
Jennifer signs a promissory note to pay $2,500 to Clara. Clara negotiates the instrument and indorses it to Anthony. Anthony alters the note to make the payment amount $25,000 and negotiates the note to Nicholas. Nicholas indorses the note and negotiates it to Mack. Nicholas and Mack are both unaware of Anthony's alteration. If Mack presents the note to Jennifer for payment, how much, if anything is Jennifer obligated to pay?
A) $25,000
B) $22,500
C) $2,500
D) Jennifer is not obliged to pay Mack
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glendyglendy
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5 years ago
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ven90 Author
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5 years ago
This helped my grade so much Perfect
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
Thanks for your help!!
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