Assume Susie borrows $500 for school tuition from Sneaky Slim and gives him a note for that amount payable with interest in the amount of $25 due in one year.Slim cleverly alters the note to say $5,000 with interest of $500 due in one year.Slim then negotiates the note to Alice who negotiates it to Bob.A year later,Bob asks Susie for payment of $5,500.Who is liable to whom for payment,and for how much?

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The Answer of Assume Susie borrows $500 for school tuition from Sneaky Slim and gives him a note for that amount payable with interest in the amount of $25 due in one year.Slim cleverly alters the note to say $5,000 with interest of $500 due in one year.Slim then negotiates the note to Alice who negotiates it to Bob.A year later,Bob asks Susie for payment of $5,500.Who is liable to whom for payment,and for how much?

Assume Susie Borrows $500 for School Tuition from Sneaky Slim