Jerry Hall Makes Out a Note for $100 in Such

question 59

Multiple Choice

Jerry Hall makes out a note for $100 in such a way that someone could alter it to read $10,000.Someone alters the note and negotiates it to Pete Mason,who can qualify as a holder in due course.Which of the following statements is true?

• A)Jerry shall share the loss with the bank where she holds an account.
• B)Jerry does not have to pay Pete who currently possesses the note.
• C)Pete can collect $10,000 from the person who "raised" the note.
• D)Pete can collect $10,000 from Jerry.

---

Definitions:

Frequently Used Test

A test or examination that is administered regularly due to its proven utility in evaluating a specific trait or condition.

Bone Scan

A diagnostic imaging test that uses a small amount of radioactive material to detect abnormalities or changes in the bones.

CT Scan

A medical imaging procedure that combines multiple X-ray measurements to create detailed cross-sectional images of the body.

X-ray

A type of radiation used in medical imaging to view internal structures of the body.