Scott buys a television set from Joe's TV Store, giving Joe a check for $450.Joe uses a special indorsement and negotiates the check to Tom.Tom carefully changes the amount to read $1450 and loses the check on the way to the bank.Harry picks it up and tries to cash it.What will he get?
A) Scott will have to pay him $450.
B) Joe will have to pay him $450.
C) Tom will have to pay him $1450.
D) No one will have to pay Harry.
Correct Answer:
Verified
Q51: To acquire the preferential rights of a
Q52: Claims, relating to whether the purchaser of
Q54: Which of the following would meet the
Q56: Real defenses include all but which of
Q57: The notice requirement of the Federal Trade
Q58: For purposes of negotiable instruments, "value" is
Q59: Joanne had a paycheck for $74 made
Q60: Clint induces David, by fraud in the
Q68: Personal defenses include all but which of
Q80: Defenses that may be asserted against a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents