Assuming That Rohan Admits the Modification but It Is Not

question 17

Multiple Choice

Assuming that Rohan admits the modification but it is not considered fraudulent,which of the following is true regarding Taylor's liability on the note?

• A)Taylor is liable for $3,000 regardless of whether or not Rohan has negotiated the note to another party.
• B)Taylor's obligation will be enforced only to the amount of $3,000 if payment is to be made to Rohan;but in the event the note is negotiated to another holder,Taylor is liable for $3,500.
• C)Taylor's obligation will be enforced only to the amount of $3,000 if payment is to be made to Rohan;but in the event the note is negotiated to a holder in due course,Taylor is liable for $3,500.
• D)Because of the alteration,Taylor is not liable for any amounts under the promissory note.
• E)Unless Taylor has a written document from Rohan to the effect that the agreement was for $3,000 only,Taylor and Rohan will be legally required to split the remainder with Taylor being held responsible for $3,250.

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Definitions:

Operating Plans

Detailed outlines of how organizational goals will be achieved within a specific period of time, detailing the resources, tasks, and schedules required.

Behavior Modification

The use of empirical and operant conditioning techniques to change undesirable behaviors into more desirable ones.

Organizational Learning

The process by which an organization improves its ability to achieve goals through the acquisition and application of knowledge.

Political Skills

The ability to effectively navigate organizational politics and influence others to achieve goals.