Multiple Choice
Drew makes out a check payable to Bill.Bill alters the amount of the check from $10 to $100,and cashes the check at the local grocery store.The grocery store later cashes the check at the drawee bank,which deducts $100 from Drew's account.Drew learns of the alteration and complains to the bank.Which is true in this situation?
A) The bank must recredit Drew's account for $90.
B) The bank can collect from the grocery store for breach of presentment warranties.
C) The grocery store can collect from Bill for breach of presentment warranties.
D) A,B,and C are true.
E) A and C only are true.
Correct Answer:

Verified
Correct Answer:
Verified
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