Harley signs a check payable to Pro Accountants, P. C., and gives it to Pro, leaving the amount blank but authorizing the firm to fill in the check for $10,000. Pro fills in $15,000 and negotiates the check to Valley Bank, to whom Pro owes $15,000. Valley Bank, an HDC, can enforce the check for

a. $0.

b. $5,000.

c. $15,000.

d. $10,000.

Question

Business

Lawson Blair

17 November, 01:56

Harley signs a check payable to Pro Accountants, P. C., and gives it to Pro, leaving the amount blank but authorizing the firm to fill in the check for $10,000. Pro fills in $15,000 and negotiates the check to Valley Bank, to whom Pro owes $15,000. Valley Bank, an HDC, can enforce the check for

a. $0.

b. $5,000.

c. $15,000.

d. $10,000.

+5

Answers (1)

Know the Answer?

Lazarus · Answer 1

The correct answer to the following question is option C) $15,000.

Explanation:

Harley signed and gave a blank check to the Pro accountants, and giving them them the authority to fill the amount by themselves but she had already came to an agreement with Pro accountant that the amount they would fill is $10,000. But Pro accountants didn't do that, instead they filled the check for $15,000, and gave the check to valley bank, now the valley bank has the full authority to enforce the full $15000 amount.