Assume Susie Borrows $500 for School Tuition from Sneaky Slim

question 89

Essay

Assume Susie borrows $500 for school tuition from Sneaky Slim and gives him a note for that amount payable with interest in the amount of $25 due in one year.Slim cleverly alters the note to say $5,000 with interest of $500 due in one year.Slim then negotiates the note to Alice who negotiates it to Bob.A year later,Bob asks Susie for payment of $5,500.Who is liable to whom for payment,and for how much?

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Definitions:

Physiologic Fatigue

A state of decreased energy and increased tiredness following mental or physical activity, natural and not indicative of a disease.

Anorexia

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Pregnant Female

A woman who is in the stage of carrying a developing embryo or fetus within her womb.

Chronic Fatigue Syndrome

A complex disorder characterized by extreme fatigue that cannot be explained by any underlying medical condition, often worsened by physical or mental activity but not significantly improved by rest.