Mara Draws a $1,000 Check on Royal Bank "Payable to the Order

Essay

Mara draws a $1,000 check on Royal Bank "payable to the order of Peyton." Peyton cleverly raises the check to $10,000 and indorses and negotiates the check to Nathan.Nathan presents the check for payment to Royal Bank.Royal Bank pays the check as altered ($10,000)and debits Mara's account.When Mara discovers the alteration,she demands that the bank re-credit her account,which the bank does.Who are the parties that can recover against the wrongdoing and how?