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Dandy Lyin' Furniture Store borrows $100,000 at 6 percent interest from Easy Loan Company and signs a promissory note for that amount. Easy changes the
Dandy Lyin' Furniture Store borrows $100,000 at 6 percent interest from Easy Loan Company and signs a promissory note for that amount. Easy changes the amount of the note to $120,000 and increases the rate to 8 percent. Easy materially altered the note when it changed a. neither the amount nor the interest rate b. the amount but not when it changed the interest rate c. the note was not materially altered d. the interest rate but not when it changed the amount e. either the amount or the interest rate, both are considered material Answer these questions in your blue book Name the two exceptions to the rule that a forged drawer's signature is not enforceable. Name the two exceptions to the rule that the first party to take an instrument after a forged indorsement will be liable. Which two parties have primary signature liability. Which two parties have secondary signature liability
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