Question
Friar Tuck drew a check payable to the Sheriff of Nottingham for $25, but blank spaces were negligently left before the number 25 as well
Friar Tuck drew a check payable to the Sheriff of Nottingham for $25, but blank spaces were negligently left before the number "25" as well as the word "twenty-five." The sheriff, without authority, materially altered the check so it read payable for $525. The Sheriff then transferred the check to Maid Marian a HDC. Marian transferred the check to Robin Hood by indorsing, "Pay Robin Hood, without recourse Maid Marian." Robin presented the check to the drawee bank, Sherwood State Bank, for payment, and Sherwood paid the check.
Select one or more: a. Sherwood must recredit Friar Tuck's account for $500, since the check was only properly payable for $25. b. Sherwood cannot successfully sue Maid Marian for breach of Presentment warranties since she signed "without recourse." c. Sherwood cannot sue either Maid Marian or Robin for breach of Presentment Warranties since they did not breach the warranty, as they did not know of the alteration. d. Two answers are correct. e. No answers are correct.
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