What Is the Effect of the Alteration of the Check

question 15

Multiple Choice

What is the effect of the alteration of the check on Susan's status as a holder in due course?

• A) The alteration has no effect because a holder is not charged with examining an instrument presented for payment.
• B) The alteration will likely prohibit her from being a holder in due course.
• C) The alteration will affect her status as a holder in due course only if she had been put on notice of prior criminal behavior in the past on the part of Bob.
• D) The alteration will affect her status as a holder in due course only if the issuer can establish that it was not negligent in allowing a thief to gain access resulting in the alteration.
• E) On the basis that the law does not want to unduly burden holders, the alteration will affect her status as a holder in due course only because the instrument was written for an amount in excess of $500.

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Definitions:

Media usage

The consumption of various forms of media, including digital and traditional, and analyzing patterns or impacts of this consumption.

Media relations

The practice of managing and guiding communications between an organization and the media to influence public perception.

Public distrust

The feeling of skepticism or lack of confidence the general public may have towards institutions, authorities, or established systems.

Formal presentation

A structured, prepared speech that is given to an audience for the purpose of informing, persuading, or entertaining.