Dandy Lyin' Furniture Store borrows $100,000 at 6 percent interest from Easy Loan Company and signs a promissory note for that amount.Easy changes the amount of the note to $120,000 and increases the rate to 8 per?cent.Easy materially altered the note when it changed

Question

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Easy materially altered the note by changing both the amount and the interest rate, which are significant terms of the promissory note.

Dandy Lyin' Furniture Store Borrows $100,000 at 6 Percent Interest