Multiple Choice
Scott buys a television from Joe's TV Store, giving Joe a check for $550.Joe uses a special indorsement and negotiates the check to Tom.Tom carefully changes the amount to read $1550 and loses the check on the way to the bank.Harry picks it up and tries to cash it.What will he get?
A) Scott will have to pay him $550.
B) Joe will have to pay him $550.
C) Tom will have to pay him $1550.
D) No one will have to pay Harry.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Revised Article 3 provides that the impostor
Q18: A qualified indorsement destroys negotiability.
Q19: Joanne had a paycheck from Pizza Plaza
Q32: A mere holder or an assignee takes
Q47: Order paper is negotiated by:<br>A) indorsement alone.<br>B)
Q50: Blane indorsed his paycheck in blank and
Q54: Every indorsement is either blank or special.
Q57: An indorsement limiting payment to a particular
Q68: The requirements for negotiation are the same
Q72: A negotiation is void if the transaction