promissory notes payable to Rohan. At the end of the day, Rohan is looking through the notes and decides that Taylor's was mistakenly made out for $$3,000$ when it should have been $$3,500.$ Rohan mistakenly, but honestly, believes that the deal was for $$3,500.$ Therefore, he changes the note to reflect that Taylor owes $$3,500.$ Rohan, on the other hand, simply does not like Zoe. He decides that $$4,000$ was not enough for the car. Accordingly, he changes the note to $$4,500.$

Which of the following is the most likely result if Rohan refuses payment on the promissory note that was endorsed to Miguel claiming that he never signed it$?$

He will not be liable because a party is never liadje on a negotiable instrument when it is signed without knowledge that it is in fact a negotiable instrument.

He will be liable unless he can establish that Miguel was not a holder in due course.

He can claim fraud in the inducement, and he will not be liable regardless of whether he knew what he was signing.

He will be liable because an official banking document was involved.

He can claim fraud in the factum, and whether he is liable will depend upon