Question
Dori found a little blue coupe for sale by Bruce for $2,000. After taking it for a test drive she decided she had to have
Dori found a little blue coupe for sale by Bruce for $2,000. After taking it for a test drive she decided she had to have it on the spot. She paid for it with a check payable to Bruce for $2,000, but she did not have a pen so she wrote the check in pencil. Bruce, carefully erased and altered the check to read $20,000 and negotiated the check to Crush. Crush took the check for value, in good faith, and without notice of the alteration.
Instructions:
- Consider the above fact situation and then discuss whether Crush may hold Dori liable for the note, and why or why not?
Step by Step Solution
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Step: 1
Based on the given fact situation it seems that Bruce has committed forgery by altering the amount on the check written by Dori By doing so Bruce has ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Get StartedRecommended Textbook for
Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
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