Business, 24.05.2021 14:00 hannah396

Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue with the note was that it spelled Annie's last name "Greene," whereas Annie spells it simply "Green." Annie and Mary had a disagreement regarding how to split up the funds for painting the house. Annie proceeded to sign the note on the back "Annie Green" and presented it to Bill Brown to satisfy a debt that she owed him. Bill Brown endorsed the note on the back and took it to the bank for payment. Mary is unhappy because she did not obtain any of the funds and stated that Annie could not legally endorse the instrument because it misspelled her name and because Mary did not sign it. Required:
What is true regarding Mary's claim that the endorsement by Annie was illegal because the note misspelled Annie's name?

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Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for pai...

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