Drew makes out a check payable to Bill.Bill alters the amount of the check from $10 to $100,and cashes the check at the local grocery store.The grocery store later cashes the check at the drawee bank,which deducts $100 from Drew's account.Drew learns of the alteration and complains to the bank.Which is true in this situation?

Question

Quizplus · Accepted Answer

The bank must recredit Drew's account for the altered amount, the bank can collect from the grocery store for breach of presentment warranties, and the grocery store can collect from Bill for breach of presentment warranties.

Drew Makes Out a Check Payable to Bill