Multiple Choice
Brian signs a promissory note for $500 payable to Harwich.Harwich indorses the note "Pay to order of Stephen,Harwich" and negotiates it to Stephen.Stephen fraudulently changes the $500 to $5,000.Under these circumstances,Brian is discharged from his liability as maker of note because:
A) Brian has not forged the signature.
B) the instrument is not negotiable.
C) the amount for which he was liable was altered.
D) Stephen is insolvent.
Correct Answer:
Verified
Correct Answer:
Verified
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