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Question
Brian signs a promissory note for $500 payable to Harwich. Harwich indorses the note "Pay to order of Stephen, Harwich" and negotiates it to Stephen. Stephen fraudulently changes the $500 to $5,000. Under these circumstances, Brian is discharged from his liability as maker of note because:
A. Brian has not forged the signature.
B. the instrument is not negotiable.
C. the amount for which he was liable was altered.
D. Stephen is insolvent.
Answer
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