If the amount on an instrument is altered, a holder in due course can enforce the instrument for the original amount.

Name: If the amount on an instrument is altered, a holder in due course can enforce the instrument for the original amount.
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

A holder in due course can enforce the instrument for the original amount because they take the instrument free from claims and defenses of prior parties, as long as they acquired the instrument in good faith, without notice of the alteration.

If the Amount on an Instrument Is Altered, a Holder