Qiana gives Rick a $50 check as payment for a debt. Rick crudely raises the amount of the check to $500 and transfers it to SmartPhones & Minutes Store for a new phone. SmartPhones & Minutes deposits the check in its Trade Market Bank account. Qiana is liable for the payment of $500 to
A) no one.
B) Trade Market Bank.
C) Rick.
D) SmartPhones & Minutes.
Correct Answer:
Verified
Q24: Rubin writes a check drawn on his
Q32: Employment Personnel Company draws a check payable
Q33: Dulcey agrees to cosign a promissory note
Q34: Duke signs a note "payable to the
Q34: Fiona writes a check "pay to the
Q38: Fact Pattern 27-1B (Questions B6-B7 apply)
Charlton is
Q41: Frieda is an administrative assistant with Global
Q49: Celine issues a note "payable to the
Q58: Logan is Mining Corporation's agent and is
Q61: Equity Credit Company has in its possession
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