Clint Wrote a Check to Pay for His Phone Bill

question 65

Multiple Choice

Clint wrote a check to pay for his phone bill.The amount of the bill was $50.He wrote out the words "Fifty dollars only" but he also wrote "$60" in the area for numbers.As a result,the check:

• A)is disqualified as a negotiable instrument.
• B)qualifies as a negotiable instrument,and the payee can collect $50.
• C)qualifies as a negotiable instrument,and the payee can collect $60.
• D)is disqualified as a negotiable instrument,unless Clint's intent is ascertained.

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Definitions:

Subsequent Agreements

Agreements made after the original agreement, which may modify or affect the terms of the original.

Basis of Authenticity

The foundation or evidence that verifies the genuineness or truth of something.

Written Contract

A written contract is a legally binding agreement put into written form, outlining the terms and conditions agreed upon by the parties involved.

Enforceable

Capable of being imposed or upheld by legal action.