Vita gives Walt a $500 check as payment for a debt. Walt crudely increases the amount of the check to $5,000 and deposits the check in his bank account. Vita is liable for the payment of $5,000 to

A) no one.
B) Walt and his bank.
C) Walt's Bank only.
D) Walt only.

Question

Lejla Spahi? · Accepted Answer

Final Answer : A, Explanation :  Vita is not liable for the altered amount of $5,000 because the check was fraudulently altered by Walt. She is only liable for the original amount of $500.

Vita gives Walt a $500 check as payment for a debt. Walt crudely increases the amount of the check to $5,000 and deposits the check in his bank account. Vita is liable for the payment of $5,000 to

A) no one.
B) Walt and his bank.
C) Walt's Bank only.
D) Walt only.

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Learning Objectives

Related questions

Vita gives Walt a $500 check as payment for a debt. Walt crudely increases the amount of the check to $5,000 and deposits the check in his bank account. Vita is liable for the payment of $5,000 toA) no one.B) Walt and his bank.C) Walt's Bank only.D) Walt only.

Definitions

Learning Objectives

Learning Objectives

Related questions

Vita gives Walt a $500 check as payment for a debt. Walt crudely increases the amount of the check to $5,000 and deposits the check in his bank account. Vita is liable for the payment of $5,000 to

A) no one.
B) Walt and his bank.
C) Walt's Bank only.
D) Walt only.