Mark Gives a Bearer Note for $50 to Joe in Exchange

question 29

Multiple Choice

Mark gives a bearer note for $50 to Joe in exchange for an excellent dinner at Joe's restaurant. Joe delivers the note to Sue for $50 and Sue takes it to Mark to be paid. If Mark says the note was originally written for only $5, what can Sue do?

• A) Hold Joe liable for breach of warranty.
• B) Get $50 from Mark.
• C) Hold Joe liable for breach of contract.
• D) Only get $5 from Mark.

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Definitions:

Car Loan

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Auto Insurance

A type of insurance policy that provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

Misrepresentation Lawsuits

Legal actions brought against a person or entity for intentionally providing false statements or information.

Win-Win Situations

Scenarios in negotiations or agreements where all parties involved achieve their objectives satisfactorily.