Grady signs a note "payable to the order of Home Mortgage Service," and Home Mortgage takes possession of the note. The focus of any liability associated with this note is on

Question

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The focus of liability associated with the note is on the instrument (the note) and any related warranties. This means that if there are issues with the note, such as forgery or lack of consideration, those issues would be the primary focus of liability. Additionally, any warranties made by Grady regarding the validity of the note would also be a focus of liability. The underlying contract and formalities of the instrument are important, but not the primary focus of liability in this scenario.

Grady Signs a Note "Payable to the Order of Home