Essay
Suzy gets Joe to fix her computer while she is on vacation.Because she does not know how much the job will cost,she gives Joe a signed blank check with Joe as the payee.Joe,of course,is supposed to fill in the correct amount and cash the check at Suzy's bank.The job costs $200,but Joe fills out the check for $10,000 and then negotiates it to Harry.Harry takes the check in good faith,for value,and without notice of the false addition.Assuming that Suzy's bank does not pay to Harry and Harry pursues her on her secondary liability,does Suzy have an alteration defense against Harry?
Correct Answer:
Verified
No.According to UCC section 3-407(C),a p...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q13: Warranties do not apply without the indorsement
Q17: Jerry Hall makes out a note for
Q22: Tom steals Dave's checkbook,completes a check for
Q33: Revised Article 3 of the UCC provides
Q34: All of the following constitute transfer warranties
Q35: Jones,a purchasing manager at the XYZ Corporation,has
Q42: According to Revised Article 3 if a
Q64: If a person signs a check as
Q80: Which of the following is both a
Q89: What form of liability exists when a