Answered

Select the best answer choice.
Kuhn, the payee of a promissory note, changed the amount due from
\($60 to $\)600. The maker can be held liable for $600.
O True
False

Verified Answer :

GinnyAnswer

Final answer:

In this case, the maker cannot be held liable for the increased amount on the promissory note.


Explanation:

False

The maker of a promissory note cannot be held liable if the payee changes the amount due without the maker's consent. In the scenario presented, where Kuhn altered the amount from \($60 to $\)600, the maker is not legally responsible for the increased amount of $600.

This is because altering a legal document without proper authorization is not valid, and the maker is only obligated to fulfill the original terms of the promissory note.


Learn more about Promissory notes here:

https://brainly.com/question/41797630


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