Question
George Washington gave Thomas Jefferson a signed check with the amount payable left blank. Jefferson was to fill in, as the amount, the price of
George Washington gave Thomas Jefferson a signed check with the amount payable left blank. Jefferson was to fill in, as the amount, the price of fuel oil Jefferson was to deliver to Washington at a later date. Jefferson estimated the amount at $700, but told Washington it would be no more than $900. Jefferson didn't deliver the fuel oil, but filled in the amount of $1,000 on the check. Jefferson then negotiated the check to Lincoln in satisfaction of a $500 debt with the $500 balance paid to Jefferson in cash. Washington stopped payment and Lincoln is seeking to collect $1,000 from Washington. Washington's maximum liability to Lincoln will be:
Group of answer choices
$1,000
$0
$500
$900
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