Business, 23.10.2019 01:50 trillred

Margo maker executed and delivered a negotiable promissory note for $10,000 to acme bank and trust. the note, while in acme’s possession, was altered from $10,000 to $100,000. acme sold the altered note to wherever life insurance company for $95,000. the endorsement from acme to wherever is without recourse. wherever life insurance company then sells the note to harrison holder for $95,000. wherever’s endorsement to harrison holder is without recourse and warranty. at maturity, harrison holder presents the note to margo maker for payment. can harrison holder recover $100,000 from margo maker? does harrison holder have a right to recover against acme bank and trust? does harrison holder have a right to recover against wherever life insurance company?

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Margo maker executed and delivered a negotiable promissory note for $10,000 to acme bank and trust....

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