Steve issues a 30-day negotiable promissory note, payable to the order of Henry, to cover the cost of Henry buying a car for Steve's racing operation. Steve signed the note, but the amount on the note is left blank. Henry has clear instructions that he is not to spend over $5,000 on the car. Tired of being Steve's lackey, Henry fills out the note for $10,000 and sells it to First Auto Bank for $9,500. The bank has no knowledge that the amount on the note was originally left blank or that the amount of the note was to be capped at $5,000. Thirty days later, the bank comes to Steve wanting $10,000. As the bank manager, what is your argument to Steve to collect on the note.

As the bank manager, Steve should be informed that the promissory note met all conditions and the case cannot be seen in the same light as a fraud case because the bank had no reasons to suspect any kind of fraudulent activity as everything was filled correctly and no sign of tampering on the note, it was a genuine and verified promissory note. Aside from the amount and signature, there was nothing in the note to show the agreement that both Steve and Henry had, which is not going above $5,000.

So the bank has the right to collect all its money from Steve, it is a form of negligence on the part of Steve to leave the amount blank which Henry took advantage of.

Although Steve could sue Henry for going above the amount they both agreed on.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

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